SEC Inches Closer to Greenlighting WisdomTree’s XRP ETF—Finally Playing Ball with Crypto?

Regulators take baby steps while the market holds its breath.

After years of playing defense, the SEC might—just might—be softening its stance. WisdomTree’s proposed XRP spot ETF just cleared another bureaucratic hurdle, nudging closer to reality. No promises, but the gears are turning.

Wall Street’s usual foot-dragging meets crypto’s ’move fast’ ethos—place your bets on who blinks first.

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.