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 Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
