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Multiple asset management giants update XRP ETF applications, SEC may release positive signals.
On August 23, asset management companies Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree submitted updated statements this Friday regarding their proposed Spot XRP ETF, further indicating the financial companies' eagerness to obtain listing approval from the SEC.
Bloomberg ETF analyst James Seyffart stated that the appearance of these applications is almost certainly due to feedback from the SEC. This is a good sign, but it was also basically expected.
The updated document seems to have changed the structure of some funds, allowing for the creation of XRP or cash as well as cash or physical redemptions, rather than just cash creation and redemptions.