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International Business Times UK
International Business Times UK
Niloy Chakrabarti

CBOE Seeks XRP ETF Approval as SEC Appears Ready to Advance ETF Applications for Several Coins

SEC ETF CBOE XRP 21Shares Bitwise Canary WisdomTree Bitcoin Crypto
Ripple XRP prices have dropped markedly in the past weeks. (Credit: Rūdolfs Klintsons/Pexels.com)

On 6th February, the Chicago Board Options Exchange (CBOE), the largest options exchange in the world, submitted multiple 19b-4 applications to the US Securities and Exchange Commission (SEC), seeking approval to list and trade spot XRP ETFs issued by Bitwise, 21Shares, Canary, and WisdomTree.

All four applicants rely on Ripple XRP's partial victory in the years-long legal battle with the SEC on whether XRP should be classified as a security under Federal law.

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