Cboe BZX Exchange submitted 19b-4 documents on behalf of several issuers to apply for listing and trading of XRP spot ETFs

PANews reported on February 7 that according to The Block, Cboe BZX Exchange submitted 19b-4 documents on behalf of Bitwise, 21Shares and Canary Capital to apply for listing and trading of XRP spot ETFs. The 19b-4 document is the second part of a two-step process to propose to the U.S. Securities and Exchange Commission (SEC). Once confirmed by the SEC, the document will be published in the Federal Gazette to initiate the agency's approval process.

Bitwise first submitted an application for registration for the spot XRP ETF in October 2023, while 21Shares submitted an S-1 registration statement for the XRP ETF to the SEC in November. WisdomTree submitted an application for a spot XRP ETF to the SEC in December 2023, while NYSE Arca released a 19b-4 document on January 30 to apply for converting Grayscale’s XRP trust into a spot cryptocurrency ETF. CoinShares also filed a registration statement for the “CoinShares XRP ETF” last month. Purpose Investments submitted a preliminary prospectus for the XRP ETF to Canadian regulators on January 31, hoping to become the world's first issuer of XRP ETF.