PANews reported on February 7 that according to The Block, Cboe BZX Exchange submitted a 19b-4 document on behalf of Bitwise, 21Shares and Canary Capital to apply for the listing and trading of XRP spot ETFs. The 19b-4 document is the second part of the two-step process of proposing a cryptocurrency ETF to the U.S. Securities and Exchange Commission (SEC). Once confirmed by the SEC, the document will be published in the Federal Register to initiate the agency's approval process.

Bitwise first filed a registration application for a spot XRP ETF in October 2023, while 21Shares submitted an S-1 registration statement for an XRP ETF to the SEC in November. WisdomTree filed an application for a spot XRP ETF with the SEC in December 2023, while NYSE Arca published a 19b-4 filing on January 30 to apply for the conversion of Grayscale's XRP Trust into a spot cryptocurrency ETF. CoinShares also filed a registration statement for the "CoinShares XRP ETF" last month. Purpose Investments submitted a preliminary prospectus for an XRP ETF to Canadian regulators on January 31, hoping to become the world's first XRP ETF issuer.