TechFlow news, on February 19, according to The Block, the U.S. Securities and Exchange Commission (SEC) has confirmed receipt of Bitwise's spot XRP ETF application. In its confirmation document, the SEC requested all relevant parties to submit comments within 21 days after the filing is published in the Federal Register. After that, the SEC will decide whether to approve, reject, or "institute proceedings."
Bloomberg ETF analysts James Seyffart and Eric Balchunas believe there is a 65% chance that an XRP-based ETF will be approved.
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