SEC Begins Review of First Spot XRP ETF Bid with WisdomTree Proposal
The US Securities and Exchange Commission (SEC) has begun examining a new proposal for a spot XRP exchange-traded fund (ETF). The application was submitted by asset manager WisdomTree.If approved, this would be the first spot XRP ETF in the country. The product is designed to allow investors to gain exposure to XRP without directly owning the digital asset.SEC Reviews First Spot XRP ETFThe SEC has opened a public comment period. It is seeking views on possible market manipulation and how investors would be protected. The agency has up to 240 days to make a final decision.
The US Securities and Exchange Commission (SEC) has begun examining a new proposal for a spot XRP exchange-traded fund (ETF). The application was submitted by asset manager WisdomTree.
If approved, this would be the first spot XRP ETF in the country. The product is designed to allow investors to gain exposure to XRP without directly owning the digital asset.
SEC Reviews First Spot XRP ETF
The SEC has opened a public comment period. It is seeking views on possible market manipulation and how investors would be protected. The agency has up to 240 days to make a final decision.
