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SEC Acknow...
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Bitcoinsensus

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Image Credit: Bitcoinsensus

SEC Acknowledges XRP ETF Request: What Does it Mean?

  • The SEC acknowledges NYSE Arca's request to list Grayscale XRP Trust as an ETF.
  • The application will progress to stages of examination and public feedback.
  • XRP ETF approval could impact the ongoing Ripple lawsuit and the crypto market.
  • XRP regains $2.50 margin after ETF acknowledgment with a spike in value and market capitalization.

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