US stock exchange MEMX applies to SEC to list 21Shares XRP ETF as a commodity trust
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Odaily reported that according to regulatory documents, the US stock exchange MEMX has applied to the SEC to list the 21Shares XRP ETF as a "commodity-based trust". Listing as a commodity trust will put XRP in the same category as the spot Bitcoin and Ethereum ETFs launched in the US last year. (Cointelegraph) Previously, it was reported that the US SEC has confirmed receiving the 19b-4 application documents from 21Shares regarding a spot XRP exchange-traded fund (ETF), indicating that 21Shares is actively pushing forward the listing process for the XRP ETF. The 19b-4 filing is submitted by the exchange to the SEC, seeking approval for rule changes to list and trade specific securities. In addition, the SEC has accepted the application for the Grayscale XRP Trust to convert to an ETF and has initiated the review process.
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