According to Deep Tide TechFlow, on May 27, 2025, the U.S. Securities and Exchange Commission (SEC) announced the initiation of procedures to determine whether to approve the application for the listing of the WisdomTree XRP fund on the Cboe BZX Exchange. The fund aims to track the performance of the XRP cryptocurrency. The SEC is particularly focused on whether the proposal meets regulatory requirements to prevent fraud and market manipulation and to protect investor interests. The SEC has opened a public comment period, with comments due within 21 days after publication in the Federal Register, and rebuttals can be submitted within 35 days. This decision marks a critical stage in the approval process for the XRP ETF.

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