SEC acknowledges spot XRP ETF filing from Canary Capital

The U.S. Securities and Exchange Commission acknowledged Wednesday a spot XRP ETF filing from Cboe BZX Exchange on behalf of Canary Capital.

In the filing acknowledging the proposal, the SEC asked for comments to be sent 21 days after its filing was published in the Federal Register. The agency can then decide to approve, disapprove or "institute proceedings."

A 19b-4 filing represents the second step in the two-part process of proposing a crypto ETF to the SEC. Once acknowledged, the filing is published in the Federal Register, triggering the agency's formal approval process.

The SEC has previously acknowledged spot XRP ETF filings from 21Shares, Bitwise, Grayscale and CoinShares. Canary Capital has also had a Litecoin ETF filing acknowledged by the agency.

Last year, the SEC approved the listing of spot Bitcoin ETFs and spot Ethereum ETFs. Issuers have since flooded the zone with spot crypto ETF filings over the past few months as the crypto-friendly Trump administration has taken control of the U.S. government. Additionally, a new crypto task force, led by Republican SEC Commissioner Hester Peirce, plans to determine which “crypto assets” are securities, among many other priorities.