WisdomTree’s XRP ETF filing joined a basket of applications acknowledged by the U.S. SEC.
The Securities and Exchange Commission acknowledged WisdomTree’s bid to list and trade exchange-traded fund shares for an (XRP) trust.
This acknowledgment initiates a 21-day public comment period, allowing the public to provide feedback on how the agency should approach WisdomTree’s application.
Comment periods officially open after the SEC adds a filing to the Federal Register. Over the last few days, several prospective XRP ETF filings joined the Federal Register. The SEC also recently responded to Bitwise, CoinShares, and Grayscale filings.
Institutional confidence to pitch more crypto ETFs ballooned as President Donald Trump secured a return to the White House. Trump’s staff changes altered the SEC’s regulatory course from the tenure of former chair Gary Gensler.
The SEC has suspended enforcement action against Binance and Coinbase, two of its biggest crypto cases, under acting chair Mark Uyeda. Uyeda’s SEC also launched a dedicated Crypto Task Force to develop a new approach to digital asset oversight. Crypto-friendly SEC commissioners lead the task force.
After collecting public feedback on XRP ETF filings, the SEC will decide whether to approve, reject, or delay a decision.
