In accordance with Coinotag, the Bitwise XRP ETF is poised to benefit from recent SEC guidance that streamlines the effectiveness of filings, potentially accelerating its approval. The guidance allows issuers to bypass full SEC reviews, addressing a backlog of over 900 statements from the government shutdown. This could fast-track altcoin ETFs like Bitwise’s XRP fund, following the strong debut of similar products such as Canary Capital’s XRPC ETF. XRP trading volume surged 30% to $8.29 billion in 24 hours despite a 6% price decline.
SEC Guidance May Fast-Track Bitwise’s XRP ETF Approval
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