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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Outperforms Bitcoin, Top Cryptos After SEC Acknowledges Grayscale's $XRP ETF Filing

SEC XRP Grayscale Crypto ETF Bitcoin SC Brad Garlinghouse NYSE Ripple
$XRP is the native token of the XRP Ledger (Credit: Ripple on X / Video Screenshot)

KEY POINTS

  • An acknowledgement doesn't mean the proposed ETF will be approved but it is a major step forward
  • If the SEC approves the proposed ETF, it may lead to more clarity about $XRP's legal status
  • Ripple's CEO met with top lawmakers ahead of the development at the SEC

XRP pumped Thursday night after the U.S. Securities and Exchange Commission (SEC) acknowledged NYSE Arca's 19b-4 filing for Grayscale's proposed XRP exchange-traded fund (ETF).

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