The SEC has officially acknowledged Grayscale’s proposal to convert its XRP Trust into an exchange-traded fund (ETF), a major step in XRP’s regulatory journey. While this doesn’t guarantee approval, it shows there’s more and more recognition of XRP in traditional finance.

The Securities and Exchanges Commission acknowledged a filing by the New York Stock Exchange and Grayscale for an XRP ETF on Thursday.

The US Securities and Exchange Commission (SEC) formally acknowledged the 19b-4 filings for XRP exchange-traded fund (ETF) today, meaning that the agency is

Alternative cryptocurrencies, or altcoins, made waves Friday as XRP and dogecoin (DOGE) drew strength from spot ETF optimism and Solana-based decentralized exchange Jupiter's JUP token cheered the platform's buyback program.

Ripple (XRP) and Dogecoin (DOGE) rallied Thursday after the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale’s filings to list spot exchange-traded funds (ETFs) for both cryptocurrencies.

The SEC has acknowledged 19b-4 filings by asset management titan Grayscale for both a spot XRP and Dogecoin ETF.

XRP outperformed Bitcoin and all other top cryptocurrencies by market cap Thursday night after the SEC acknowledged NYSE Arca's filing for Grayscale's $XRP ETF.