Editor's PiCK
Successive Amendments to XRP Spot ETF Applications... "Measures Reflecting SEC Feedback"
Suehyeon Lee
Summary
- It was reported that several issuers have made simultaneous amendments to their XRP spot ETF applications.
- This move reflects SEC feedback—it is positive but also a largely expected step.
- With SEC's approval review delayed, the final decision is expected between mid and late October.
Several issuers have reportedly made simultaneous amendments to their XRP spot Exchange-Traded Fund (ETF) applications.
On the 23rd (local time), James Seyffart, a Bloomberg analyst, stated on X, "Issuers are updating XRP ETF documents today. This move is likely due to feedback from the U.S. Securities and Exchange Commission (SEC)."
He added, "This is a positive sign, but it is also a largely expected procedure." Meanwhile, the SEC had previously delayed its review of approval for the XRP spot ETF once more. As a result, the final decision is expected to be made sometime between mid and late October.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)