Summary
- The US CBOE reported that it submitted a 19b-4 related to the Ripple Spot ETF.
- This action was taken on behalf of Bitwise and Kerneir Fund.
- The 19b-4 is an important step in the ETF approval process.
![Image=Eleanor Terrett X] (https://media.bloomingbit.io/prod/news/56022375-b4e0-47f7-a2f7-97911f842cab.webp)
The Chicago Board Options Exchange (CBOE) has submitted a 19b-4 (request for review) related to the Ripple ETF.
On the 7th (local time), Eleanor Terrett, a Fox Business reporter, announced on her X (formerly Twitter) that "CBOE has submitted a 19b-4 related to the Ripple Spot ETF on behalf of Bitwise and Kerneir Fund."
She further explained, "19b-4 is generally the next step in the process for ETF approval after the issuer submits an S-1 (securities registration statement)."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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