DeFi Daily News
Thursday, May 29, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Crypto Market

rewrite this title XRP Spikes 5% After SEC’s ETF Acknowledgment Sends ‘Enormous Message’

Jake Simmons by Jake Simmons
February 14, 2025
in Crypto Market
0 0
0
rewrite this title XRP Spikes 5% After SEC’s ETF Acknowledgment Sends ‘Enormous Message’
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1200 words and keep HTML tags

Este artículo también está disponible en español.

The US Securities and Exchange Commission (SEC) has officially acknowledged the receipt of Grayscale Investments’ 19b-4 filing to convert its XRP Trust into a spot exchange-traded fund (ETF). The agency’s confirmation—disclosed by Bloomberg ETF analyst James Seyffart on 14th February—signals the start of the formal review process that could ultimately decide whether the product is cleared for public listing.

James Seyffart, who reported the news via his X account, stated: “There it is — The SEC just acknowledged Grayscale & NYSE’s 19b-4 filing to list an XRP ETF (this was mostly expected but officially means the clock will start soon for this and Dogecoin).”

Why This Is An ‘Enormous Message’ For Ripple

The SEC’s acknowledgment kicks off a regulatory timetable, opening a window for public commentary and multiple rounds of decision-making. The agency is expected to follow this step-by-step procedure to either approve, reject, or request additional information concerning the proposed XRP ETF.

Related Reading

Although formal acknowledgment does not guarantee an approval further down the line, it underscores that the SEC is sufficiently engaged to put the filing on the official docket. Nate Geraci, President of the ETF Store and Co-Founder of the ETF Institute, underlined the significance of this action in the context of the SEC’s ongoing legal dispute with Ripple.

He remarked: “SEC has acknowledged NYSE’s 19b-4 filing to list & trade Grayscale XRP ETF… Obviously a potentially huge statement re: SEC’s case vs Ripple.” Geraci further elaborated on what he perceives as a remarkable development: “Shocked more people aren’t talking about SEC accepting XRP ETF filing… They have open litigation w/ Ripple. Meanwhile, they just acknowledged filing of ETF holding asset in dispute (they easily could have rejected this filing). Enormous message IMO.”

Related Reading

These statements highlight how the SEC’s willingness to initiate the review process—rather than dismissing it outright—could indicate the SEC’s openness to settle or drop the Ripple case which is currently at the Court of Appeals.

Fox Business journalist Eleanor Terrett provided additional context on why the acknowledgment alone is noteworthy: “Because it means this SEC is being more open-minded and not flat out refusing to consider these products. Recall, exchanges pulled the SOL 19b-4 applications in December when the Gensler SEC signaled it would not engage with them. […] Next up, the SEC should acknowledge the XRP ETF applications from issuers that filed later than Grayscale — including Bitwise, 21Shares, Canary Funds, Wisdom Tree. The 240-day window for Grayscale’s approval starts when it gets posted to the federal register which should be in a couple of days from now.”

Following the announcement, XRP’s price rose by over 5% in a relatively muted overall market. However, technical analysis of the XRP/USDT 4-hour chart indicates that as of press time, the token failed to break through a major resistance level. The rejection occurred at the 0.5 Fibonacci retracement (Fib) around $2.58. If buyers manage to push XRP above this threshold, the next critical resistance is near $2.77 (the 0.618 Fib). A sustained rally beyond that point could see the token retest its January 25 high at $3.40.

XRP price, 4-hour chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: acknowledgmentenormousETFmessagerewriteSECsSendsSpikestitleXRP
ShareTweetShare
Previous Post

rewrite this title with good SEO GameStop’s Bitcoin Investment Could Spark Altcoin Rally

Next Post

rewrite this title Kylian Mbappe’s future with France national team confirmed

Next Post
rewrite this title Kylian Mbappe’s future with France national team confirmed

rewrite this title Kylian Mbappe's future with France national team confirmed

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

April 29, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

Microsoft and ReNew Announce 437.6-MW Clean Energy Purchase Agreement

August 27, 2024
rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

rewrite this title with good SEO Viral Success Locked Amid $FAT Crypto Breakout: Is $FAT Hottest Meme Coin in April?

April 17, 2025
Video: ‘Twisters’ | Breaking Down a Scene

Video: ‘Twisters’ | Breaking Down a Scene

July 19, 2024
Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

Revisiting Jennifer’s Body: A Review of the 2009 Horror Film

August 27, 2024
rewrite this title Moses Itauma reaches number one in WBO ratings

rewrite this title Moses Itauma reaches number one in WBO ratings

May 29, 2025
rewrite this title Bitcoin 6,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead?

rewrite this title Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead?

May 29, 2025
rewrite this title SOL Strategies Files B Shelf Prospectus to Boost Solana Investment ‘Flexibility’ – Decrypt

rewrite this title SOL Strategies Files $1B Shelf Prospectus to Boost Solana Investment ‘Flexibility’ – Decrypt

May 29, 2025
rewrite this title Justin Bieber Was Very Careful With His Congratulations to Wife Hailey

rewrite this title Justin Bieber Was Very Careful With His Congratulations to Wife Hailey

May 29, 2025
rewrite this title Google confirms that Instagram battery drain you’ve noticed on your phones is real

rewrite this title Google confirms that Instagram battery drain you’ve noticed on your phones is real

May 28, 2025
rewrite this title and make it good for SEOElon Musk exits Trump administration after clash over ‘big beautiful bill’

rewrite this title and make it good for SEOElon Musk exits Trump administration after clash over ‘big beautiful bill’

May 28, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.