Jun. 17, 2025
Support for the Approval of the XRP Spot ETF - File No. SR-CboeBZX-2025-040 Subject: Fw: XRP Securities and Exchange Commission 100 F Street NE Washington, DC 20549 RE: Support for the Approval of the XRP Spot ETF - File No. SR-CboeBZX-2025-040 Dear Commissioners, I am writing as a private citizen and retail investor to express my strong support for the approval of the proposed rule change allowing the listing and trading of a spot XRP Exchange-Traded Fund (ETF) by Cboe BZX Exchange, Inc. The approval of a spot XRP ETF would represent a major step forward for transparency, investor protection, and the maturation of digital asset markets. XRP is one of the most actively traded digital assets globally, and offering a regulated investment vehicle would provide safer and more accessible exposure for both retail and institutional investors. Notably, XRP has already been recognized as not being a security in the July 2023 ruling by Judge Torres in the Southern District of New York. This clarity further supports the rationale for treating XRP similarly to other digital assets that already have futures-based or spot ETF products, such as Bitcoin and Ethereum. There have been enough delays. Approving a spot XRP ETF would help level the playing field, reduce reliance on offshore platforms, and align with the SEC's mission to protect investors and facilitate fair, orderly, and efficient markets. Thank you for considering this important step toward providing American investors with access to safe and regulated exposure to XRP. Sincerely, Shaun Duncan