Cboe BZX submitted a 19b-4 application for an XRP spot ETF from multiple issuers including Bitwise

ChainCatcher news, the Cboe BZX Exchange has submitted a 19b-4 filing on behalf of Bitwise, 21Shares, WisdomTree, and Canary Capital to list and trade a spot exchange-traded product tracking XRP (the fourth largest cryptocurrency by market capitalization).

The 19b-4 application is the second part of a two-step process for submitting cryptocurrency ETF applications to the U.S. Securities and Exchange Commission. Once approved by the SEC, the application will be published in the Federal Register, thereby initiating the agency's approval process.

Bitwise first submitted the registration for a spot XRP ETF in October, while 21Shares submitted the S-1 registration statement for the XRP ETF to the SEC in November.