Key takeout
- WisdomTree has submitted a proposal for the Spot XRP ETF.
- The SEC has up to 240 days to review proposals and make final decisions by late October 2025.
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Today, the Federal Register announced the WisdomTree spot XRP ETF, launching a 21-day public comment period prior to the SEC review process.
The regulator can extend reviews for up to 90 days, and the entire process can last up to 240 days.
Under this timeline, the final decision on the WisdomTree proposal may be made by October 24th.
During the public comment period, investors, financial institutions and other stakeholders can provide feedback on the feasibility of the proposal and its potential market impact.
The SEC evaluates securities laws, market integrity, potential operational risks, and compliance with proposals to investors' protection.
The publication follows similar applications from other asset managers, marking a fifth XRP ETF proposal to reach the federal register.
Previous publications include both Grayscale on February 20th, Bitwise on February 24th, and the Canary XRP Trust and Coinshares XRP ETF on February 25th.
This advance comes even in Washington's changing regulatory environment.
The new SEC administration, led by acting chairman Mark Weda, has shown a more openness to cryptographic ETFs, suspending enforcement measures against major exchanges, and creating a cryptographic task force to develop a framework for digital asset monitoring.
The filing publication is an important step, but approval is not guaranteed.
The SEC conducts a thorough review taking into account factors such as market surveillance and investor protection.
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