SEC Begins Review of WisdomTree's XRP Trust Spot ETF, Opens Public Comments with 240-Day Decision Timeline

The U.S. Securities and Exchange Commission (SEC) has officially begun reviewing WisdomTree's application for a spot exchange-traded fund (ETF) based on XRP, a cryptocurrency. The proposed WisdomTree XRP Trust would allow investors to gain exposure to XRP without directly holding the token. This marks the first spot XRP ETF application under review in the United States. The SEC has opened a public comment period to gather input on market risks associated with the ETF and has up to 240 days to make a decision on the application. Approval of this ETF could pave the way for additional cryptocurrency ETFs in the U.S. market.

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