XRP ETF Countdown Begins: '20 Day Clock in Effect,' Says Bloomberg Analyst

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The countdown for XRP spot ETF is on as asset manager 21Shares has filed an amended prospectus for its proposed spot XRP ETF, moving the fund closer to potential SEC approval under Section 8(a). More ...

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More ...</p>\n\n<a href=\"https://u.today/xrp-etf-countdown-begins-20-day-clock-in-effect-says-bloomberg-analyst\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://u.today/xrp-etf-countdown-begins-20-day-clock-in-effect-says-bloomberg-analyst","article_id":"2581687888","we_media_id":null,"thumbnails":[],"rights":{"source":"utodaynews_highlight","url":"https://u.today/xrp-etf-countdown-begins-20-day-clock-in-effect-says-bloomberg-analyst","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2581687888","pubTimestamp":1762579440,"columns":[],"sourceInfo":{"source_id":"utodaynews_highlight","name":"u.today"},"weMediaInfo":null,"summary":"The countdown for XRP spot ETF is on as asset manager 21Shares has filed an amended prospectus for its proposed spot XRP ETF, moving the fund closer to potential SEC approval under Section 8(a). More ","collect":0,"end_time":0,"defaultTopTitle":"u.today","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","BK4225":"医疗保健房地产信托","BK4585":"ETF&股票定投概念","LTC":"LTC房产","FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","XRPI":"1倍XRP ETF-Volatility Shares","BK4203":"医疗保健房地产投资信托"},"translate_title":"XRP ETF倒计时开始：彭博社分析师表示，“20天时钟生效”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FDN":1.5,"LTC":1,"XRPI":1.5},"content_text":"The countdown for XRP spot ETF is on as asset manager 21Shares has filed an amended prospectus for its proposed spot XRP ETF, moving the fund closer to potential SEC approval under Section 8(a). More significant about the move is that 21Shares triggered an automatic effectiveness countdown for its spot XRP ETF.Bloomberg ETF analyst Eric Balchunas highlighted this development in a recent tweet: \"21Shares just dropped an 8(a) for their spot XRP ETF. 20 day clock in effect.\"Issuers are filing amendments to their S-1 registration statements, which include \"no delaying amendment\" language. Under U.S. securities law, the filings automatically become effective after 20 days unless the SEC steps in to issue a stay or request changes.This follows a similar move by other XRP ETF issuers, including Canary Capital Group, whose ETF filing has now entered a 20-day window.Countdown to XRP ETF beginsIn a tweet, Canary Capital wrote: \"Get ready: Canary XRP ETF (XRPC) is coming soon.\" In late October, Canary Capital launched the first spot ETFs for Litecoin (LTC) and Hedera (HBAR) in the U.S., raising the chances of an XRP ETF launch.The XRP ETF would trade on Nasdaq under the ticker XRPC and hold XRP in custody with Gemini Trust Company and BitGo Trust Company, using the CoinDesk XRP CCIXber 60m New York Rate as its pricing benchmark.The optimism around XRP ETFs adds to a big week for Ripple, which also announced new partnerships with Mastercard and WebBank for RLUSD settlement, XRP Ledger, which surpassed 100 million ledgers, and Ripple's stablecoin RLUSD, which crossed the $1 billion milestone.The XRP community continues to watch for new developments regarding a spot XRP ETF in the U.S. If Canary’s registration passes automatically under 8(a) rules, another XRP spot ETF would become reality — a development that may boost institutional demand.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2581687888","isCrawlerRequest":true}