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 i
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