The SEC recognized Bitwise's application to create a spot ETF with XRP, which happened this Tuesday. The application was submitted in October, which positively impacted the token's price. Last week, the SEC also acknowledged applications from Grayscale and 21Shares, which became an important event amid the ongoing legal battle with Ripple. While the recognition of the applications does not guarantee the approval of the ETF, the likelihood of its approval in 2025 is now 80 percent, according to the Polymarket platform. However, investor Jason Calacanis expressed doubts, claiming this could lead to "chaos."
2/20/2025 9:15:59 AM (GMT+1)
The SEC recognized Bitwise's application to create a spot ETF with XRP, raising the likelihood of approval in 2025, despite criticism from investor Jason Calacanis
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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