The US Securities and Exchange Commission (SEC) has acknowledged a spot XRP ETF filing submitted by Cboe BZX Exchange on behalf of Canary Capital, as announced on Wednesday.
In its acknowledgment, the SEC invited public comments to be submitted within 21 days following the filing’s publication in the Federal Register. After this period, the agency can choose to approve, disapprove, or “institute proceedings” regarding the proposal.
A 19b-4 filing is the second step in the two-part process of proposing a crypto ETF to the SEC. Once acknowledged, it is published in the Federal Register, initiating the agency’s formal review process.
