Spot XRP ETF approval: Here’s the latest update
The approval of a U.S.-based spot XRP exchange-traded fund (ETF) may be nearing, as the Securities and Exchange Commission (SEC) has officially begun reviewing the WisdomTree XRP Trust. The application, filed by Cboe BZX Exchange, is under consideration by the SEC, and the assessment is being made of whether the proposed product meets the necessary standards for market integrity and investor protection. This review, detailed in Release No. 34-103124, initiates a 240-day window for the regulator to approve or reject the filing and opens the door for public comments. The ETF would track XRP’s price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain exposure through standard brokerage accounts and eliminating the need for private keys or self-custody solutions. This development could signal a shift to altcoins expanding beyond Bitcoin (BTC) and Ethereum (ETH). Other spot XRP ETF application Several other firms are also pursuing ...