#Xrpđ„đ„
The XRP token currently trades at $3.11, positioning itself approximately 15% below its July all-time high of $3.65. Market participants are closely monitoring resistance levels as institutional demand demonstrates strength through the ETF vehicle.
Rex Shares and Osprey Funds structured their product under the Investment Company Act of 1940, utilizing a Cayman Islands subsidiary approach. This differs from traditional spot ETFs that hold underlying assets directly through Securities Act registration.
Multiple firms, including Bitwise, Canary Capital, and WisdomTree, have pending XRP ETF applications awaiting SEC approval. These applications follow the conventional Securities Act pathway and face decision deadlines between Oct. 18-25.
The SEC recently approved generic listing standards for commodity-based trusts, potentially accelerating future crypto ETF approvals. This regulatory development creates streamlined pathways for qualifying products without individual Commission orders. SEC regulation
XRP benefits from recent legal clarity following the conclusion of Ripple's lawsuit with regulators. The court confirmed that programmatic sales of XRP do not constitute securities transactions, removing regulatory uncertainty for ETF issuers.
