WisdomTree’s XRP ETF filing has gained recognition from the U.S. Securities and Exchange Commission.
The SEC has taken note of WisdomTree’s proposal to list and trade exchange-traded fund shares for an XRP trust.
This acknowledgment sets off a 21-day public comment period, inviting feedback from the public regarding WisdomTree’s application and the agency’s subsequent actions.
The comment period commences once the SEC publishes the filing in the Federal Register. Recently, multiple XRP ETF filings have been added to the Federal Register, with the SEC also addressing recent submissions from various financial firms.
Institutional confidence in launching additional crypto ETFs has surged following significant political changes. The shift in the administration is influencing the SEC’s regulatory stance, a departure from previous policies under former chair Gary Gensler.
Under the leadership of acting chair Mark Uyeda, the SEC has paused enforcement actions against major crypto players, including Binance and Coinbase. Additionally, the SEC has established a Crypto Task Force aimed at developing a comprehensive strategy for digital asset regulation, led by crypto-friendly commissioners.
Following the public feedback period regarding the XRP ETF filings, the SEC will make a decision to approve, deny, or postpone its ruling.
