The grayscale spot XRP ETF has been officially submitted to the Federal Register, with a resolution deadline of October 18

ChainCatcher news, the Grayscale spot XRP ETF (19b-4 application) has been officially submitted to the Federal Register, which means that from now on, the SEC will begin its review and must decide whether to approve or deny the application by October 18.

The 19b-4 application is the formal document submitted by Grayscale to the SEC, aimed at applying for the launch of an XRP-based exchange-traded fund (ETF). This document has been officially published in the Federal Register, marking the formal start of the review process.

According to regulations, the SEC must make a decision by October 18. During this period, the SEC may communicate with Grayscale to request additional information or clarify related issues.