The U.S. Securities and Exchange Commission (SEC) has set a deadline for deciding whether to approve multiple exchange-traded funds (ETF) that track the price of Ripple-promoted XRP directly.
The SEC acknowledged other XRP ETF filings, signaling a formal review of the proposals.
XRP is trading at $2.70, up 5.7% on the day, following an 11.2% climb in the last week.
The SEC's acknowledgment of XRP ETF proposals coincides with speculation about the regulatory agency's legal dispute with Ripple, potentially providing a clearer path forward for XRP.