WisdomTree’s XRP ETF Proposal Gains SEC Attention
The U.S. Securities and Exchange Commission (SEC) has acknowledged wisdomtree’s application to list an XRP exchange-traded fund (ETF). This move opens a 21-day window for public comments on the proposal.
wisdomtree’s filing is part of a growing list of XRP ETF applications now on the Federal Register. The SEC has also reviewed filings from Bitwise, CoinShares, and Grayscale. This surge in applications reflects growing institutional interest in crypto ETFs.
Recent political shifts have influenced the SEC’s stance. Following President donald Trump’s return to the White House, the SEC’s regulatory approach has changed. Acting chair Mark Uyeda has suspended enforcement actions against major crypto firms like Binance and Coinbase.
under Uyeda, the SEC has formed a Crypto Task Force, led by crypto-friendly commissioners. This task force aims to develop a new regulatory framework for digital assets.
After gathering public feedback, the SEC will decide on WisdomTree’s XRP ETF application. The agency may approve, reject, or delay its decision. This process highlights the ongoing efforts to integrate crypto assets into traditional financial markets.
