XRP ETF Gets Another Boost: SEC Review Update

A fresh filing outlines plans for a spot XRP exchange-traded fund (ETF) listing on the Cboe BZX Exchange, providing traditional investors with direct exposure to XRP price movements without requiring crypto wallets or exchanges. This structured as a Delaware statutory trust, it will directly hold XRP and use the CoinDesk XRP CCIX New York Rate for pricing. Custody services will be handled by a designated trust company, mirroring existing spot Bitcoin ETFs but focusing on XRP.