On Thursday, Chicago’s Cboe Exchange submitted four separate applications to the Securities and Exchange Commission, seeking approval to list and trade spot XRP ETFs from WisdomTree, Bitwise, 21Shares, and Canary.

Major asset managers are now vying to launch the first spot XRP ETFs in the U.S. in the wake of Bitcoin and Ethereum’s breakthroughs last year, even though some on Wall Street have yet to see “full-throated demand” for crypto ETFs.

And even with the increased attention from issuers, the world’s fourth-largest crypto has continued to fall, down 25% over the last two weeks after edging close to its all-time high just below $3.40 in late January.

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Author: Vince Dioquino