On Thursday, WisdomTree, Bitwise, 21Shares, and Canary submitted their 19b-4 filings for spot XRP ETFs to the SEC. Each firm argues for the safety of their proposals through various measures against fraud, despite XRP lacking a futures market.

The SEC’s upcoming decision will be critical, with a review period set for 45 days. This decision may reshape the landscape for future crypto ETFs and impact broader market dynamics surrounding XRP.