SEC initiates process to review WisdomTree XRP Fund application, public comments open

According to TechFlow, on May 27, 2025, the U.S. Securities and Exchange Commission (SEC) announced the launch of a procedure to decide whether to approve the application of the WisdomTree XRP Fund to be listed on the Cboe BZX Exchange. The fund is designed to track the performance of the XRP cryptocurrency. The SEC is particularly concerned about whether the proposal complies with regulatory requirements to prevent fraud and market manipulation and protect the interests of investors. The SEC has opened a public comment channel, and the comment deadline is 21 days after the publication of the Federal Register, and rebuttals can be submitted within 35 days. This decision marks a critical stage in the approval process of the XRP ETF.