CBOE pushes for four fresh XRP ETFs as a crypto cooling market

On Thursday, Chicago’s CBOE Exchange has submitted four separate applications in the Securities and Exchange Commission, seeking approval for the XRP ETFS list and traders from WisdomTree, Killed, 21sharesand Canary.

The main managers of the property are now visible to launch the first video of XRP ETF in the US, after the Bitcoin and Ethereum breaks last year, although some of the Wall Street are still to see “Demand in full throat“For Crypto etfs.

And even with the increased attention of the publisher, the fourth-largest world crypto still fell, drop 25% in the last two weeks after Ivica near to its only high time only under $ 3.40 at the end of January.

This is part of the wider crypto this year, which continued to cool after the main rally last year after the victory of the President Donald Trump at the second term.

Anyway, on Thursday, next to second This year, the XRP would push in uncultivated territory, as the assets have yet to receive a clear regulatory status approved Bitcoin and Ethereum.

All four applicants rely heavily on the PLACE WINNINGS from July in the current SEC, which seeks to establish whether XRP-digital funds are closely related to Ripple should be classified as security in accordance with the Federal Law.

CBOE “believes that applicable legal standards in good faithful determination that XRP is not in these circumstances, security in the Federal Law”, the state of being subdued.

Applications come in the middle of the current SEC Apel Deciding decision to another circle in which the regulator seeks to reverse the classification and cancel the decision that considered the program sales of the XRP in retail investors do not represent investors.

Unlike previous crypto ETF approval, the XRP is missing the MARMA futures market, a key request that SEC was sought during the approval for Bitcoin and Ethereum.

Follow CBOE’s division For four separate Solana ETFS last week, which last year were filed after resolving the concerns of the section. They involved concern focused on market integrity, investor protection and regulatory uncertainty.

Property managers are implemented by protective measures to increase their chances of regulatory approval, including the citation of tokens from secondary markets, not directly from the laboratory for the quill.

The movement aims to distinguish the ETF from the crack laboratories, which remains closely related to the XRP, but does not have formal affiliation with the proposed fund.

Measures, such as supervision and market control, third party guidelines, holding XRP in cold storage, and the assets of intraday trading, in the meantime, is fed to perform concerns previously marked in the past.

The SEC has 45 days for an overview of applications that once published in the Federal Register, with possible extensions up to 90 days.

Edited by Sebastian Sinclair