The U.S. SEC has initiated a review process on whether to approve the WisdomTree XRP spot ETF

PANews
PANews
XRP-0.83%

PANews reported on May 28 that SEC filings (34-103124) show that the WisdomTree XRP Fund listing and trading rule change applied by the Cboe BZX exchange has entered a formal review process. The fund intends to track the XRP spot price and value it daily based on the CME CF Ripple-Dollar reference rate, with holdings consisting of XRP, cash and equivalents only. The SEC noted that it will further evaluate whether it meets the requirements to prevent manipulation and protect the interests of investors (Section 6(b)(5) of the Securities and Exchange Act). No decision to approve or reject has been made at this time, and members of the public may submit written comments for consideration.

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