SEC Advances WisdomTree XRP ETF Application to Review – Coincu

The U.S. Securities and Exchange Commission concluded public comments for WisdomTree’s XRP spot ETF and initiated further procedures in the review cycle. This development highlights regulatory scrutiny around cryptocurrency investments in the evolving ETF sector.

The SEC reviews XRP’s impact on crypto-based ETFs. The SEC has moved forward with WisdomTree’s XRP ETF by concluding the public comment phase. The SEC now enters further review, without an immediate approval or denial, extending the process by a possible 240 days. The continuation of this review indicates the regulatory body’s diligence in evaluating potential market implications of crypto-based ETFs. This approach reflects ongoing regulatory caution amplified by XRP’s prior legal challenges.

SEC Reviews XRP’s Impact on Crypto-Based ETFs

The SEC has moved forward with WisdomTree’s XRP ETF by concluding the public comment phase. The SEC now enters further review, without an immediate approval or denial, extending the process by a possible 240 days.

The continuation of this review indicates the regulatory body’s diligence in evaluating potential market implications of crypto-based ETFs. This approach reflects ongoing regulatory caution amplified by XRP’s prior legal challenges.

Market observers remain attentive, as SEC’s decision could set important precedents for the broader crypto ETF landscape. Industry spokespersons express measured optimism, suggesting possible positive regulatory shifts under new SEC leadership. Emily Clarke, Head of Research at Digital Asset Management, remarked on this trend: “The new SEC leadership appears to be embracing a more favorable regulatory stance, which could significantly affect ETF approvals in the crypto space.” source

XRP Market Metrics amid WisdomTree’s ETF Application

Did you know? The conclusion of the public comment phase is key in ETF processing, marking a significant regulatory step initiated by the SEC for the XRP spot ETF.

XRP is priced at $2.31 with a market cap of $135.33 billion, as reported by CoinMarketCap. Dominating 3.94% of the market, XRP shows recent shifts: a 0.79% increase over 24 hours, despite a 3.23% decrease over 7 days, but a 7.16% rise over 60 days.

According to Coincu Research, the ETF’s approval could reshape investor access to XRP. With SEC’s evolving stance on digital assets, ETF authorization might drive further institutional adoption, promoting broader market integration.