Coin World News reports that on January 31, the New York Stock Exchange Arca submitted a 19b-4 filing, seeking to convert Grayscale's XRP Trust into a spot ETF, with the trust fund's assets under management amounting to approximately $16.1 million. The 19b-4 filing by the issuer's exchange is the second part of the two-step process for submitting a spot cryptocurrency ETF application to the U.S. Securities and Exchange Commission (SEC), where the exchange must submit the 19b-4 filing to request changes to existing rules to allow the ETF trading. This is a crucial part of the ETF approval process, and once approved by the SEC, the filing will be published in the Federal Register, initiating the approval procedure.