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Cboe BZX has submitted applications for XRP exchange-traded funds (ETFs) from Bitwise, WisdomTree, Canary, and 21Shares, according to a report from Cointelegraph. This follows recent submissions by CoinShares for spot XRP and Litecoin ETFs. The U.S. Securities and Exchange Commission (SEC) has acknowledged a filing to permit in-kind redemptions for 21Shares' spot Bitcoin and Ethereum ETFs. Experts suggest that the SEC is likely to acknowledge the XRP and DOGE ETF filings within the week. The amendment to allow in-kind creations and redemptions for ARK's 21Shares Bitcoin and Core Ethereum ETFs is expected to streamline fund operations and reduce costs, benefiting investors by lowering tax exposure.
Cboe Unveils Big Move for Crypto ETFs Cboe's amendment to allow in-kind creations/redemptions for ARK's 21Shares Bitcoin & Core Ethereum ETFs could streamline fund operations and lower costs. Why does it matter? In-kind transactions reduce tax exposure for investors and improve… https://t.co/S1vhCSDQPy
🚨 JUST IN: The SEC has acknowledged an amendment for Cboe’s 19b-4 filing to allow in-kind creations and redemptions on both Ark’s 21Shares Bitcoin and Core Ethereum ETF. https://t.co/YcCfXJ6qEN
SEC has *acknowledged* Cboe’s 19b-4 filing to allow for in-kind creations & redemptions on 21Shares Core *Ethereum* ETF... So will now consider this for both btc & eth. https://t.co/uokyjHkJAG
