On May 28, PANews reported that SEC filing (34-103124) shows that the proposed rule change for the listing of the WisdomTree XRP Fund, applied by Cboe BZX Exchange, has entered the formal review process. The fund intends to track the spot price of XRP and will evaluate daily based on the CME CF Ripple-Dollar reference rate, with holdings consisting only of XRP, cash, and cash equivalents. The SEC indicated that it will further assess whether it complies with regulations to prevent manipulation and protect investor interests (Securities Exchange Act Section 6(b)(5)). No decision to approve or deny has yet been made, and the public may submit written comments for consideration.
