• The SEC has acknowledged Grayscale’s $XRPETF filing, marking a shift in its regulatory stance.
• The approval process will take up to 240 days, with other $XRPETF filings expected soon.
• The SEC’s move suggests the Ripple lawsuit no longer poses a major barrier to $XRP’s growth.

The SEC has finally recognized NYSE Arca’s 19b-4 application for the Grayscale’s $XRPETF. This is the initial process of approval