The U.S. SEC Begins Review Process for Approval of WisdomTree XRP Spot ETF

According to reports from HashKey, the application for a rule change to list the WisdomTree XRP Fund on the Cboe BZX Exchange has officially entered the review process, as per SEC document (34-103124). The fund plans to track the spot price of XRP and will be valued daily based on the CME CF Ripple-Dollar Reference Rate, with assets limited to XRP, cash, and equivalents. The SEC stated that it will further evaluate whether the fund complies with regulations to prevent market manipulation and protect investor interests (Securities Exchange Act Section 6(b)(5)). Currently, the application has not yet been approved or denied, and the public can submit written comments for consideration.