The US Securities and Exchange Commission has acknowledged Cboe BZX’s request to list 21Shares’ XRP exchange-traded fund. This recognition marks a critical step in the ongoing efforts to launch this ETF, suggesting potential regulatory approval might be on the horizon.

Market participants view this move as a positive development for XRP, stimulating interest and confidence among traders. As the crypto market continues to evolve, the prospects of a well-regulated ETF may catalyze significant growth for XRP and the broader market.

Investors are keeping a close eye on the SEC’s upcoming decisions, knowing the prospective approval could have far-reaching implications for the future of cryptocurrency investments.