The post SEC Advances Review of WisdomTree XRP Spot ETF Proposal appeared first on Coinpedia Fintech News
The SEC has officially moved forward in reviewing Cboe BZX Exchange’s proposal to list the WisdomTree XRP Fund. This fund aims to track XRP’s spot price using the CME CF Ripple-Dollar Reference Rate. The SEC has entered a new evaluation phase to decide if the fund meets legal standards under the Securities Exchange Act of 1934. No approval or rejection has been made yet, as the application continues through the review process.