The SEC has acknowledged a filing by Cboe BZX for 21Shares’ Core XRP Trust ETF, marking a significant step toward offering regulated, spot XRP exposure in the U.S. market. This move comes amid a broader surge of crypto ETF filings and a shift toward a more crypto-friendly regulatory stance under the current administration.
Quick Take
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The SEC’s acknowledgment of Cboe BZX’s filing for 21Shares’ XRP ETF signals evolving regulatory acceptance of XRP as an investment asset.
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This filing is part of a flurry of crypto ETF proposals—including those from Bitwise, Grayscale, WisdomTree, and Canary Capital—anticipating favorable policy shifts.
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The XRP ETF is expected to be listed as a commodity trust, potentially aligning it with the regulatory framework for spot Bitcoin ETFs and Ether ETFs.
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XRP is trading around $2.55 with technical resistance near $2.80 and support at approximately $2.45, highlighting the current consolidation phase.
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With a crypto-friendly administration and a wave of ETF filings, institutional interest in digital assets like XRP is growing despite recent price volatility.
Cboe’s XRP ETF Filing a Regulatory Breakthrough for XRP
The U.S. Securities and Exchange Commission (SEC) has acknowledged a filing by Cboe BZX for 21Shares’ Core XRP Trust ETF. This development is a significant step toward offering regulated, spot XRP exposure to U.S. investors. The filing marks a pivotal moment as the SEC’s approach toward crypto assets evolves under the current administration's pro-industry stance.
A Wave of Crypto ETF Filings
This XRP ETF filing is part of a broader surge in crypto ETF proposals. Asset managers have submitted filings for a variety of digital assets, including Bitcoin, Ether, Solana, and even popular memecoins like Dogecoin. If approved, the XRP ETF would be listed as a commodity trust, aligning it with the regulatory framework used for spot Bitcoin and Ether ETFs that debuted last year. A public comment period of 21 days will follow, with a final decision expected within 240 days.
The SEC’s acknowledgment of the XRP ETF filing is fueling growing optimism among institutional investors. The approval of a regulated XRP ETF would provide a much-needed product that bridges the gap between unregulated trading and mainstream investment. This is seen as a critical move in legitimizing XRP as a mainstream investment vehicle, potentially stabilizing its price by reducing reliance on less-regulated platforms.
Read more: What Is an XRP ETF and Is it Coming Soon?
Can XRP Price Touch $3.20?
XRP/USDT price chart | Source: KuCoin
Currently, XRP is trading around $2.55, navigating a period of modest volatility. Technical analysis indicates that while XRP faces resistance near $2.80, breaking this level could pave the way for upward momentum toward the $3.00 to $3.20 range. Conversely, if bearish pressure persists, XRP may test support near $2.45. This consolidation phase, characterized by a symmetrical triangle pattern, suggests that a decisive breakout is imminent, though the direction remains uncertain.
XRP ETFs to Usher in a New Era for Crypto Investment
As the SEC continues its review process—evaluating public feedback and compliance with investor protection standards—the XRP ETF filing could herald a new era for digital asset investing in the U.S. With a crypto-friendly regulatory environment on the horizon, XRP and other digital assets may soon gain broader acceptance, further integrating crypto into mainstream finance.
Read more: SEC Paves the Way for Crypto ETFs: Solana and Cardano in the Spotlight
