Grayscale Spot XRP ETF has been officially submitted to the Federal Register, and the resolution deadline is October 18

Odaily News Grayscale's 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 will need to decide whether to approve or reject the application by October 18. The 19b-4 application is a formal document submitted by Grayscale to the SEC to apply for the launch of an XRP-based exchange-traded fund (ETF). The document has been officially published in the Federal Register, marking the official start of the review process. According to regulations, the SEC needs to make a decision by October 18. During this period, the SEC may communicate with Grayscale to request more information or clarify related issues.