Search Results for keywords:"XRP"

The Securities and Exchange Commission (SEC) announced that Cboe BZX Exchange, Inc. has proposed a rule change to allow the listing and trading of shares in the Franklin XRP Fund under a specific rule for Commodity-Based Trust Shares. This fund, known as the Franklin XRP ETF, intends to offer investors a way to gain exposure to XRP, a digital asset, in a regulated exchange-traded format, and it highlights measures to ensure protection against fraud and market manipulation. The proposal argues that XRP's market characteristics make it resistant to manipulation, thus meriting exemption from certain regulatory agreements. Public comments on this proposal are being solicited and will be reviewed by the SEC before making any final decisions.

On January 30, 2025, NYSE Arca, Inc. proposed a rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale XRP Trust as a commodity-based trust share on the NYSE Arca. The Trust's main goal is to offer investors a way to gain investment exposure to XRP, a digital asset, on a regulated exchange. The Trust operates without active management and holds XRP, allowing investors to avoid the complexities of purchasing and securing XRP directly. The SEC is seeking public comments on this proposal and will decide whether to approve it within 45 to 90 days.

The Securities and Exchange Commission is considering a proposal from the Cboe BZX Exchange, Inc. to list and trade shares of the WisdomTree XRP Fund. This fund would allow investors to invest in XRP, a type of digital asset, through a regulated exchange-traded product rather than directly buying and holding XRP. The proposal includes various measures to prevent fraud and manipulation in the trading of XRP and claims that these measures would protect investors. The Commission is seeking public comments on whether or not they should approve this rule change.

The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change to list and trade shares of the Bitwise XRP ETF under its Commodity-Based Trust Shares rules. The ETF aims to track the performance of XRP, a digital asset used for fast and low-cost cross-border payments. The proposal is designed to prevent fraud and manipulation while protecting investors, mirroring previous approvals for similar ETFs based on Bitcoin and Ethereum. The SEC is currently seeking public comments on this proposal before deciding on its approval.

The Securities and Exchange Commission received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the 21Shares Core XRP Trust. This trust focuses on XRP, a digital asset intended for fast and low-cost transactions, different from other cryptocurrencies like Bitcoin and Ethereum. The proposal argues that XRP is less prone to price manipulation and offers ample protection for investors by securing assets in segregated accounts. The SEC is seeking public comments on this proposal to assess its compliance with regulatory standards, evaluating if it prevents fraud and protects investors before a final decision.

The Securities and Exchange Commission is considering a proposal by The Nasdaq Stock Market LLC to list and trade shares of the CoinShares XRP ETF under Nasdaq Rule 5711(d). This proposed rule change would allow the exchange to offer a new exchange-traded fund (ETF) that is designed to track the performance of the digital asset XRP. The ETF aims to provide investors an easy and cost-effective way to gain exposure to XRP without directly investing in the cryptocurrency itself. The SEC is seeking public comments on whether this proposal aligns with the rules and regulations set out by the Securities Exchange Act of 1934.

The Securities and Exchange Commission has released a notice that the Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares of the Canary XRP Trust under BZX Rule 14.11(e)(4). The proposal aims to list these shares, which are linked to the digital asset XRP, on a regulated exchange. The document also discusses the measures in place to prevent fraudulent activities, while ensuring investor protection by exposing U.S. investors to XRP through a regulated, exchange-traded product. The public is invited to comment on this proposal to ensure adherence to the rules governing fair and transparent markets.