SEC acknowledges Grayscale’s XRP ETF filing – Will this push altcoin to $3?  – BitRss

• Grayscale’s XRP ($2.79) ETF acknowledgment could pave the way for a sign-off for similar applications
• Will the ETF speculation fuel XRP’s recovery to the latest local peak of $3.4? 

The U.S SEC has acknowledged Grayscale’s XRP ETF 19b-4 filing, marking a new milestone for the altcoin. Especially since it is still in the middle of an ongoing lawsuit with the regulator. 

According to its filing, Grayscale seeks to convert its XRP Trust, which currently has $12.8M in assets under management (AUM), into a Spot ETF. Other potential issuers who filed similar applications, like Canary Fund, 21Shares, WisdomTree, and Bitwise, are expected to get similar sign-offs too.