XRP ETF Under SEC Review: A Defining Moment for Ripple’s Future
The U.S. Securities and Exchange Commission (SEC) has officially begun reviewing the proposed WisdomTree XRP ETF — a pivotal step that could bring XRP into the portfolios of mainstream investors through standard brokerage accounts.
🔍 ETF Proposal Enters Review Phase
Cboe BZX Exchange has filed to list and trade shares of the WisdomTree XRP Fund. The SEC’s notice [34-103124] places the application under Section 19(b)(2)(B) of the Exchange Act, signaling a detailed evaluation process.
📊 What This ETF Offers
The WisdomTree XRP Fund is designed to:
• Mirror XRP’s spot price using the CME CF Ripple-Dollar Reference Rate (New York Variant)
• Hold assets exclusively in XRP, cash, or cash equivalents
• Provide exposure to XRP without the need for private wallets or keys
⚖️ SEC’s Focus: Investor Protection and Market Integrity
The SEC is scrutinizing whether the fund:
• Complies with the standards of Section 6 of the 1934 Securities Exchange Act
• Includes strong protections against market manipulation or fraud
• Aligns with broader investor protection and public interest objectives
🗣️ Public Input Invited
The SEC is calling for public comments to assess if the ETF’s structure addresses regulatory concerns and safeguards investor interests.
🚨 Why This Is Critical for XRP
This comes during Ripple’s ongoing battle for regulatory clarity. If approved, this ETF would be among the first spot XRP ETFs — potentially validating XRP in U.S. financial markets and making it more accessible to a wider range of investors.
📌 Final Thought:
While no decision has been made yet, this review marks a major turning point. An SEC approval could redefine XRP’s place in the world of regulated finance.
