US SEC has initiated a new phase of review for the WisdomTree XRP spot ETF proposal. Reportedly, the SEC is examining the WisdomTree XRP ETF proposal, submitted by Cboe BZX Exchange, to determine if it meets the legal standards under the Securities Exchange Act of 1934. Will the commission’s move lead to the approval of the first US-based XRP Spot ETF? WisdomTree’s XRP Spot ETF Proposal Enters Next Phase of SEC Review Notably, the SEC is evaluating WisdomTree’s XRP spot ETF proposal, seeking public opinion. The SEC issued a notice (Release No. 34-103124) seeking public feedback on investor protection and market manipulation measures for the proposed fund. Notably, the agency has a 240-day window to make a decision on WisdomTree’s ETF application, either approving or rejecting it. While no decision has been made, the commission has progressed the proposal to the next stage of review, as outlined in Section 19(b)(2)(B)…. Read More at Coingape.com
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