SEC Targets XRP Spot ETF, Can It Break Through the Regulatory Deadlock?

The U.S. Securities and Exchange Commission has finally taken action—WisdomTree's application for an XRP spot ETF has officially entered the 'deep review' phase. This fund aims to directly track the spot price of XRP, allowing investors to buy and sell XRP through traditional accounts without needing to manage private key wallets.

However, the approval process is fraught with challenges. The SEC has not made a decision yet and is frantically assessing whether the measures proposed by exchanges to prevent manipulation and protect investors are reliable. They've even opened the floor for public comments to uncover any hidden issues.

This is not an ordinary product; XRP is currently encircled by regulation and litigation. If this ETF can actually get approved, it will surely disrupt the market landscape and become a new 'giant' in digital asset investment. But don't celebrate too early; the SEC does not plan to grant approval easily, and this game has just begun.

Investors should keep their eyes wide open; under the storm of regulation, the future of XRP is filled with uncertainty and opportunity.