The U.S. Securities and Exchange Commission (SEC) has officially begun its review of the proposed WisdomTree XRP ETF — a development that could unlock mainstream access to XRP through traditional brokerage platforms.
➤ ETF Proposal Enters Formal Review
Cboe BZX Exchange has filed to list and trade shares of the WisdomTree XRP Fund. The SEC’s release [34-103124] signals the ETF has moved into the evaluation phase under Section 19(b)(2)(B) of the Exchange Act.
➤ What This ETF Means for Investors:
• Tracks the spot price of XRP using the CME CF Ripple-Dollar Reference Rate (NY Variant)
• Holds only XRP, cash, and cash equivalents
• Allows investment without private wallets or seed phrases — just a brokerage account
➤ SEC’s Areas of Focus:
• Compliance with Section 6 of the Securities Exchange Act of 1934
• Adequate protections against fraud and market manipulation
• Alignment with investor protection and public interest principles
➤ Public Input Requested
The SEC is actively soliciting public comments on the ETF’s structure, risk controls, and market impact.
➤ Why It’s a Big Deal for XRP:
As Ripple continues navigating its regulatory landscape, this ETF review marks a potential turning point. If approved, it would be among the first spot XRP ETFs, giving the asset a new level of legitimacy and accessibility in U.S. financial markets.
Final Thought:
Nothing’s approved yet — but this is a major milestone. If greenlit, the XRP ETF could redefine XRP’s place in regulated finance.
