21 Aug 2025
📈SEC Review of Bitwise XRP ETF Listing Proposal
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the Bitwise XRP ETF Under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares)
Summary
The SEC has designated a longer review period for the proposed rule change to list and trade shares of the Bitwise XRP ETF under BZX Rule 14.11(e)(4). Following the initial filing, the SEC is allowing additional time to consider the implications before issuing an approval or disapproval order, reflecting the complexities of cryptocurrency regulation and trading practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text concerns a proposed rule change that would allow the listing and trading of the Bitwise XRP ETF, which could significantly impact market dynamics and investment strategies for business owners and executives interested in cryptocurrency investments. The extended review period indicates regulatory scrutiny that may affect market entry timing.