๐๐๐ ๐๐๐ ๐๐ง๐๐๐ซ ๐๐๐๐ข๐๐ข๐๐ฅ ๐๐๐ ๐๐๐ฏ๐ข๐๐ฐ: ๐๐ซ๐ข๐ญ๐ข๐๐๐ฅ ๐๐จ๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐๐ข๐ฉ๐ฉ๐ฅ๐โ๐ฌ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐!
The U.S. SEC has formally initiated its review of the proposed WisdomTree XRP ETF, a move that could open the door to mainstream XRP investment via brokerage accounts.
โค ETF Proposal Enters Evaluation Phase
The filing by Cboe BZX Exchange seeks to list and trade shares of the WisdomTree XRP Fund. The SECโs official release [34-103124] moves the application under Section 19(b)(2)(B) of the Exchange Act for deeper evaluation.
โค What the XRP ETF Offers Investors
The WisdomTree XRP Fund aims to:
โข Track XRPโs spot price via the CME CF Ripple-Dollar Reference Rate (NY Variant)
โข Hold only XRP, cash, and equivalents
โข Let users invest in XRP without needing private wallets or keys
โค SEC Focus: Investor Safety & Manipulation Risks
The SEC is reviewing whether the fund:
โข Meets the standards under Section 6 of the 1934 Securities Exchange Act
โข Offers sufficient safeguards against fraud or manipulation
โข Aligns with the public interest and investor protection mandates
โค Public Comments Invited
The Commission is actively seeking public input on whether the ETFโs structure protects against fraud and introduces any new regulatory challenges.
โค Why This Matters for XRP
This review comes amid Rippleโs ongoing regulatory journey. Approval would mark one of the first spot ETFs tied directly to XRP, potentially validating its legitimacy in U.S. markets and widening investor access.
๐ ๐ข๐ง๐๐ฅ ๐๐จ๐ญ๐:
The decision isn't final yet โ but this marks a historic inflection point for XRP. A greenlight from the SEC could reshape XRP's role in regulated finance.
