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Analysis: The new guidelines from the U.S. SEC allow issuance ETF issuers to expedite the effectiveness of their filing documents.

On November 14, Bloomberg senior ETF analyst Eric Balchunas stated, “The U.S. Securities and Exchange Commission (SEC) has released new guidance that seems to allow issuers to expedite the effectiveness of their filing documents in order to clear the backlog of pending projects as soon as possible. I guess those Crypto Assets ETFs that previously did not complete the 8a process will push forward as quickly as possible. Bitwise's XRP ETF should be the next in line.”

XRP-1.07%
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