WisdomTree Pushes for XRP ETF: SEC Review Sparks Buzz
WisdomTree, a known name in finance, has asked to launch a U.S. spot XRP ETF. This exchange-traded fund would let people invest in XRP without buying it outright.
The U.S. Securities and Exchange Commission (SEC) is looking over the plan and wants feedback from the public. Right now, on May 30, 2025, there’s no final word yet.
What’s an XRP ETF?
A spot XRP ETF follows XRP’s live price. It holds real XRP or cash to match its value. If it gets the green light, investors could buy shares on stock exchanges like they do with regular stocks. No need for crypto wallets or tricky tech.
WisdomTree’s version, called the WisdomTree XRP Fund, would trade through the Cboe BZX Exchange and use the CME CF Ripple-Dollar Reference Rate to keep prices in line.
SEC’s Next Steps
The SEC kicked off its review on May 27, 2025. You can read the details in the official SEC notice. They’re giving people 21 days to comment after it hits the Federal Register. Then, there’s a 35-day window for replies. Want to weigh in? Submit your thoughts on the SEC’s comment page.
The SEC is making sure this fits rules that stop fraud and keep investors safe. They’re digging into XRP’s past, too, with cases like Ripple Labs in mind. That’s why this review matters—it’s not just a rubber stamp.
Why XRP Fans Are Watching
XRP helps move money across borders fast and cheap. It’s caught the eye of banks and investors alike. An ETF could make it bigger, bringing more trust and use. But if the SEC says no, it might slow XRP’s roll.
Key Dates to Know
Here’s where things stand:
| Event | Date |
|---|---|
| Filing Submitted | February 6, 2025 |
| Federal Register Post | February 26, 2025 |
| Review Extended | March 11, 2025 |
| SEC Review Began | May 27, 2025 |
| Comment Deadline | 21 days from post |
| Current Step | Public feedback |
The SEC has up to 240 days total, but they might stretch it longer.
