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XRP ETF approvalCoinGape
•Business
Business & Economics
63% Informative
The U.S. Securities and Exchange Commission has acknowledged an application for an XRP exchange-traded fund (ETF) filed by 21Shares .
The SEC ’s acknowledgment of 21Shares ’ filing adds to the list of pending XRP ETF applications.
The firm submitted its application in early November , joining other asset managers seeking regulatory approval for an ETF tracking the performance of XRP .
Some analysts believe an approved ETF could drive the token's price to new highs, with projections reaching as much as $59 per token.
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