Key dealers
- SEC reviews the grayscale applications for XRP and Dogecoin ETF.
- Grayscala aims to convert its confidence to ETFs and offers investors exposure to digital assets.
US SEC has initiated its review of proposed rule changes that would enable Nyse Arca to list and trade with both Grayscale XRP Trust and Gray -scale dogecoin confidence. According to Bloomberg ETF analyst James Seyffart comes the 45-day review period start When publishing in the federal register.
New: There is – Sec acknowledged just @Graysscale & @NYSE19B-4 Archiving to list an XRP ETF
(This was most expected but officially means the clock will start soon for this and Dogecoin) pic.twitter.com/iqgtqpiioe
– James Seyffart (@jseyff) February 13, 2025
This development, especially confirmation By Grayscale XRP Trust Application was very much awaited, considering that Ripple and Sec are still fighting for XRP’s classification.
While Grayscales ETF suggestions are not a clear deal just because Sec recognized them, it is a positive sign that the controller can heat up to crypto investment products, in contrast to previous cases where Sec -Wildlife led to similar applications, Fox Business warming Journalist Eleanor Terrett commented.
According to Bloomberg ETF analyst James Seyffart
Securities Regulator has opened a 21-day public comment period for applications submitted via NYSE ARCA, after which it will decide to approve, reject or initiate procedures.
NYSE Ark potted A 19B-4 form with Sec last month seeking approval to list and trade Grayscales XRP confidence. From January 22, 2025, the fund managed $ 16.1 million in assets.
For grayscale Dogecoin Trust, Nyse Arca submitted Its 19b-4 form on January 31, shortly after Grayscale launched the Trust product. Both proposed ETFs would enable investors to gain exposure to their respective digital assets without direct ownership. The Coinbase Custody Trust Company acts as custodian, while Bny Mellon handles administrative and transfer agent responsibility.
Grayscale expands its ETF offers and conducts transformations of their confidence to ETFs, including those for XRP, Litecoin and Solana. The asset director is also Looking for Greenlight to start his Cardano Trust.
According to Coytecko dataDogecoin is ranked as the eighth largest digital asset by market value, originally created as a playful alternative to bitcoin and get significant support from Elon Musk. XRP has the position as the third largest digital assets.
