XRP News: Grayscale’s XRP ETF Faces SEC Countdown – Decision by Oct 18!

The post XRP News: Grayscale’s XRP ETF Faces SEC Countdown – Decision by Oct 18! appeared first on Coinpedia Fintech News

Grayscale’s push for an XRP exchange-traded fund (ETF) has officially reached a key stage. As the U.S. Securities and Exchange Commission (SEC) has now posted the company’s 19b-4 filing to the Federal Register. This marks the beginning of the review period, giving the SEC a deadline of October 18 to either approve or reject the proposal. Will this push XRP to its ATH price of $3.84?

Grayscale, a leading crypto asset manager, has been actively working on expanding its ETF offerings. The firm has already gained approval for a Bitcoin ETF and has expressed interest in bringing other cryptocurrencies into the space.

According to Fox Business journalist Eleanor Terrett, the filing’s publication is a crucial step in the regulatory process. While it doesn’t mean approval is guaranteed, it officially starts the clock for the SEC to engage with the application.