SEC Begins Review of WisdomTree’s Spot XRP ETF Proposal
The U.S. Securities and Exchange Commission (SEC) has officially started evaluating an application for what could become the first spot XRP exchange-traded fund (ETF) in the country.
The proposal was submitted by asset management firm WisdomTree, aiming to offer traditional investors exposure to XRP without requiring them to directly purchase or hold the token.
If approved, the ETF would mark a major step in bringing regulated XRP investment vehicles to U.S. markets.
Public Comment Period Now Open
The SEC has opened a public comment window as part of its review. It is actively seeking feedback on key issues, including:
- Potential market manipulation in XRP trading
- Investor protections within the proposed ETF structure
- Market integrity and pricing mechanisms
This process gives both the public and industry stakeholders a chance to weigh in before a final decision is made.
Under federal law, the SEC has up to 240 days to approve, reject, or request changes to the application.
A New Chapter for XRP and Crypto ETFs?
A spot XRP ETF would follow the recent momentum surrounding spot Bitcoin ETFs, which gained SEC approval earlier in 2024 after years of delays. Industry analysts say the XRP decision could set a precedent for future altcoin-based ETFs if successful.
The outcome will not only affect XRP’s institutional adoption but also signal how far U.S. regulators are willing to go in embracing crypto-backed financial products.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
