Financial Firms Update Spot XRP ETF Proposals in Response to SEC Feedback

Several asset management companies have resubmitted proposals for spot XRP ETFs, including Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree. This action signifies the firms’ continued pursuit of SEC approval for these products. Bloomberg ETF analyst James Seyffart notes that these submissions are expected in light of feedback from the SEC, highlighting a positive development but one that was anticipated.