Short News

SEC Advances Review of WisdomTree XRP Spot ETF Proposal

Qadir AK28 May 20251 min read

The SEC has officially moved forward in reviewing Cboe BZX Exchange’s proposal to list the WisdomTree XRP Fund. This fund aims to track XRP’s spot price using the CME CF Ripple-Dollar Reference Rate. The SEC has entered a new evaluation phase to decide if the fund meets legal standards under the Securities Exchange Act of 1934. No approval or rejection has been made yet, as the application continues through the review process.

#Crypto ETF

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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