SEC acknowledges spot XRP ETF filing from Canary Capital
Quick Take
- The SEC previously acknowledged spot XRP ETF filings from 21Shares, Bitwise, Grayscale, and CoinShares.
- The agency has also acknowledged a Litecoin 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.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
