ChainCatcher news, the grayscale XRP ETF application has been entered into the U.S. Securities and Exchange Commission (SEC) federal register along with four other Solana ETF applications last week. The Solana ETF applications from VanEck, 21Shares, Bitwise, and Canary Capital were submitted on February 18. Once the applications are entered, a 21-day public comment period will be triggered, and the regulatory agency is expected to decide on approval, rejection, or further review by October 18. If approved, the XRP ETF will provide users with a regulated XRP investment exposure tool.XRP has increased by over 381% in the past 12 months and is currently attracting attention due to improvements in legal and regulatory matters. Recent recovery drivers include: rumors that U.S. banks may use it for internal trading, and speculation about the SEC's long-term stance in the Ripple lawsuit. The SEC sued Ripple in December 2020, accusing it of raising $1.3 billion through the sale of unregistered XRP and classifying it as a security based on the Howey test.B2BINPAY CEO Arthur Azizov stated, "The XRP ETF is very likely to launch within the year, with the specific timing depending on the resolution speed of the legal disputes with the SEC."

ChainCatcher news, the Grayscale 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 must decide whether to approve or deny the application by October 18.The 19b-4 application is the formal document submitted by Grayscale to the SEC, aimed at applying for the launch of an XRP-based exchange-traded fund (ETF). This document has been officially published in the Federal Register, marking the formal start of the review process.According to regulations, the SEC must make a decision by October 18. During this period, the SEC may communicate with Grayscale to request additional information or clarify related issues.

ChainCatcher message, according to coinglass data, the total liquidation amount across the network in the past 24 hours was 151 million USD, with long positions liquidated amounting to 60.35 million USD and short positions liquidated amounting to 90.46 million USD. Among them, the liquidation amount for BTC was 32.77 million USD, for ETH was 20.97 million USD, and for XRP was 7.84 million USD.

ChainCatcher news, HashKey Global will officially launch XRP (XRP) on February 21, 2025, at 8:00 (UTC), supporting deposits and withdrawals through the XRP network, and introducing a special event for new users with a total prize pool of up to 10,000 HSK.During the event, new users only need to complete a deposit of at least 10 XRP or make their first transaction of XRP worth 50 USDT to share the prize pool, with each user receiving 10 HSK on a first-come, first-served basis. The event will run until February 28, 2025, at 16:00 (UTC).

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has generally risen, with the PayFi sector leading with a 5.21% increase. Within this sector, XRP has risen by 5.78% in the last 24 hours, influenced by factors such as Trump's sharing of related articles on Truth Social. Stellar (XLM) has increased by 3.90%.The AI sector has seen a rebound, rising 3.52% in the last 24 hours. Within this sector, Bittensor (TAO) has risen by 15.61%, and Golem (GLM) has risen by 16.16%. However, the AI sub-sector AI Agents has decreased by 2.68%, Virtuals Protocol (VIRTUAL) has decreased by 3.21%, and Fartcoin (FARTCOIN) has decreased by 8.72%.In other sectors, the Layer1 sector has risen by 1.68% in the last 24 hours, with Cardano (ADA) increasing by 4.09%, Sui (SUI) increasing by 4.65%, and Aptos (APT) increasing by 14.21%; the DeFi sector has risen by 1.22%, the Layer2 sector has risen by 1.20%, the Meme sector has risen by 1.15%, and the CeFi sector has risen by 0.85%.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) officially accepted the WisdomTree XRP ETF application on Wednesday and is seeking public comments. The SEC requests that relevant comments be submitted within 21 days after publication in the Federal Register. The agency may decide to approve, deny, or 'initiate further review procedures'.

ChainCatcher news, the Brazilian Securities Commission (CVM) has approved Hashdex to launch the world's first XRP-based spot ETF------HASHDEX NASDAQ XRP INDEX FUND.Currently, the ETF is in the pre-operational phase, managed by Genial Investimentos, and the official listing date has not yet been announced.

ChainCatcher news, according to Portal do Bitcoin, Hashdex has received approval from the Brazilian Securities Commission to launch an XRP spot ETF in Brazil. The specific date for the product's listing on the Brazilian Stock Exchange B3 has not yet been determined.

ChainCatcher news, according to market news, the U.S. Securities and Exchange Commission (SEC) has confirmed that the COINSHARES SPOT XRP ETF application has been submitted.

ChainCatcher news, according to ibtimes, Luca Sorlini, the product head of virtual asset service provider Northstake, stated that he believes the reasonable inflow range in the first week after the approval of the XRP ETF will be between $400 million and $800 million.Luca Sorlini further added that his prediction will depend on various factors, including overall market conditions, the number of competing ETFs that may be launched simultaneously if approved, and, more importantly, institutional interest in this issuance.However, Bloomberg's senior ETF analysts James Seyffart and Eric Balchunas currently believe that the probability of the XRP ETF being approved is 65%. This is because the classification of the token as a security or a commodity remains an unresolved issue.

ChainCatcher news, according to CoinDesk, U.S. President Trump shared an article about XRP on the Truth Social platform. The article reported that Ripple CEO Brad Garlinghouse noted a significant increase in the company's business transactions and hiring activities in the U.S. after Trump's victory last November.Following the news release, XRP's 24-hour trading volume increased by 26% to $5.5 billion, while the coin price remained relatively stable at $2.53. Previously, the XRP ETF applications submitted by the New York Stock Exchange and Grayscale had been confirmed by the SEC, with the market expecting approval within the year.

ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) confirmed on Tuesday that the Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange, submitted an application for the listing and trading of the Bitwise XRP spot ETF on behalf of Bitwise. In a document confirming the proposal, the SEC requested comments to be submitted within 21 days from the date the document is published in the Federal Register. After that, the agency may decide to approve, disapprove, or "initiate proceedings."The 19b-4 document is the second step in the two-step process of proposing a crypto ETF to the SEC. Once confirmed, the document will be published in the Federal Register, thereby initiating the SEC's approval process. The SEC has previously confirmed the XRP spot ETF applications submitted by 21Shares and Grayscale, but has not yet confirmed the applications from Canary Capital and WisdomTree.According to Bloomberg ETF analysts James Seyffart and Eric Balchunas, the likelihood of an XRP-based ETF being approved is 65%.

ChainCatcher news, Matrixport released a chart today stating that recently, the XRP-USDT trend has suddenly shifted from a long-term sideways consolidation to a rapid increase, which adds complexity to market chart analysis. In trading strategies for XRP, it is common to focus on the Relative Strength Index (RSI). Historical data shows that when the RSI approaches 40%, the probability of an XRP rebound is higher, while an RSI nearing 70% often indicates an overbought condition.The recent rebound may still have further upward potential, especially after the new U.S. government takes office, as the SEC may reconsider the lawsuit against Ripple Labs. Currently, the RSI is around 40%, and technical indicators suggest that XRP has upward potential.

ChainCatcher news, according to Cointelegraph, the U.S. securities exchange MEMX has applied to the Securities and Exchange Commission (SEC) for approval to list the 21Shares XRP ETF as a "commodity trust," with the relevant documents submitted to the regulatory agency.This move marks another effort by U.S. exchanges to list ETFs that include spot XRP. This application also highlights the SEC's shift in stance on cryptocurrencies.

ChainCatcher message, on-chain analyst Ali posted on X that XRP may experience a brief pullback after rising 22% in recent days, with the TD Sequential indicator showing a sell signal on the XRP 4-hour chart.

ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) has confirmed receipt of the 19b-4 application filed by 21Shares regarding the spot XRP exchange-traded fund (ETF), indicating that 21Shares is actively advancing the listing process for the XRP ETF. The 19b-4 document is submitted by the exchange to the SEC to seek approval for changes to the rules governing the listing and trading of specific securities.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has officially accepted the 19b-4 application submitted by Grayscale and NYSE, proposing to convert the Grayscale XRP Trust ($XRP Trust) into an exchange-traded fund (ETF). While this does not mean automatic approval, nor does it guarantee that the SEC will ultimately agree to the application, this development indicates a more open attitude from the SEC towards crypto ETFs, rather than a direct refusal to consider such products.Previously, due to the SEC's firm stance, exchanges had withdrawn their Solana ($SOL) ETF applications. However, the SEC's acceptance of the XRP ETF application suggests that there is still a possibility for approval of crypto ETFs such as LTC, DOGE, SOL, and XRP. The SEC is expected to publish the application in the Federal Register within a few days, at which point the 240-day approval window will officially open. Additionally, the XRP ETF applications from institutions like Bitwise, 21Shares, Canary Funds, and WisdomTree are still awaiting SEC processing.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that, according to a very useful table provided by Bloomberg ETF analysts James Seyffart and Eric Balchunas, we can see that if the U.S. Securities and Exchange Commission (SEC) indeed chooses to acknowledge/approve it, it might recognize Grayscale's submitted XRP spot ETF application as early as Thursday (February 13).The SEC typically has about 15 days to approve a 19b-4 application, and Grayscale submitted its conversion application on January 30. In any case, this should give us a good understanding of the current perspective of the SEC on XRP.