The U.S. Securities and Exchange Commission (SEC) has officially acknowledged WisdomTree’s application to list and trade shares of an XRP exchange-traded fund (ETF).
With the SEC’s acknowledgment, a three-week comment period has begun. This enables interested parties — investors, industry experts, and the general public — to submit comments on how the agency should assess WisdomTree’s proposal. The SEC will review these comments before determining whether to approve, reject, or postpone the application.
Official comments will not start until a filing is posted in the Federal Register. Institutional interest in the XRP has recently increased significantly, as several XRP ETF applications have appeared in the Federal Register in recent weeks. Other issuers, such as Grayscale, Bitwise, and CoinShares, have also received the SEC’s responses about crypto ETF applications.
Uyeda drives regulatory shift, enhancing crypto ETF prospects
Acting Chair Mark Uyeda is now considering cryptocurrency ETFs that would likely have been rejected under the previous SEC leadership.
His tenure has marked a notable shift in regulatory approach, including the suspension of enforcement actions against major crypto exchanges Binance and Coinbase.
Uyeda has also led the creation of a new Crypto Task Force to produce a proposed framework for how the SEC will oversee digital assets.
In addition, the political environment has enhanced institutional faith in crypto ETFs. President Donald Trump’s return to the White House is a development that market participants believe will have an even bigger influence over the SEC’s tone.
