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Several issuers have submitted a revised version of the XRP spot ETF application, adding support for XRP creation and redemption.
BlockBeats News, August 23rd, Asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree all submitted updated statements this Friday regarding their proposed spot XRP ETF, once again demonstrating financial firms' eagerness to obtain listing approval from the U.S. Securities and Exchange Commission.
Bloomberg ETF analyst James Seyffart stated that the appearance of these applications is almost certainly in response to feedback from the SEC. This is a good sign, but also largely expected.
The updated filings seem to have changed the structure of some funds, allowing for XRP or cash creation and cash or in-kind redemption, rather than just cash creation and redemption.
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