May 28, 08:41 AM

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.

#SEC #WisdomTree #WisdomTree XRP Trust #United States

Written with ChatGPT (GPT-4).

Sources

Coin Bureau@coinbureau
1 year ago
BULLISH: XRP ETF ON THE WAY! 🔥 The SEC is reviewing WisdomTree’s XRP Trust, a spot ETF for XRP exposure without owning the token. 🇺🇸As the first in the U.S., it could open doors for more crypto ETFs. The SEC has 240 days to decide and is seeking input on market risks and https://t.co/ZVfjcLpvPs
Cointelegraph@Cointelegraph
1 year ago
🔥 NEW: The SEC is officially reviewing WisdomTree’s proposed spot $XRP ETF, and is now accepting public comments. https://t.co/3B4UwJ6n4s
BSCN@BSCNews
1 year ago
🚨JUST IN: US SEC BEGINS REVIEW OF WISDOMTREE'S $XRP TRUST APPLICATION FOR A SPOT XRP ETF

Additional media

Image #1 for story sec-begins-review-wisdomtree-s-xrp-trust-spot-etf-opens-public-comments-240-day-b392127e

Image #2 for story sec-begins-review-wisdomtree-s-xrp-trust-spot-etf-opens-public-comments-240-day-b392127e

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

Sources

Additional media

Similar Stories