SEC Feedback Sparks Hope for XRP ETF Approval in 2024

The race for cryptocurrency exchange-traded funds (ETFs) continues, with Ripple’s XRP now emerging as a potential contender for approval in 2024. Following the successful approvals of Bitcoin and Ethereum ETFs, various asset managers have recently filed updated registration statements with the U.S. Securities and Exchange Commission (SEC). These filings allow for spot crypto or cash creations and redemptions, signaling a shift towards more flexibility in fund structure.