Summary
- The SEC has started the official review of the WisdomTree XRP Spot ETF, marking the first case and increasing the likelihood of realization.
- The approval of WisdomTree's XRP Spot ETF is expected to be decided within a maximum 240-day review period, with opinions being sought on investor protection and market manipulation possibilities.
- Currently, on the Binance USDT market, XRP is trading at $2.3, down 0.79% from 24 hours ago.
The US Securities and Exchange Commission (SEC) has begun the official review of the WisdomTree XRP Spot Exchange-Traded Fund (ETF), increasing the likelihood of its realization.
On the 28th (local time), CoinDesk reported, "Yesterday, the SEC started the official review of WisdomTree's XRP Spot ETF application," stating, "This is the first case of an official review for an XRP Spot ETF." It further evaluated, "The possibility of the XRP Spot ETF becoming a reality is increasing."
Additionally, "A maximum of 240 days is given to decide on approval or rejection," and "In this regard, the SEC has requested public comments on investor protection and market manipulation possibilities."
Meanwhile, the SEC has initiated the official review process for the listing and trading approval of WisdomTree's XRP Spot ETF.
As of 6:06 PM, XRP is trading at $2.3 on the Binance USDT market, down 0.79% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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