{"id":143794,"date":"2024-12-03T09:00:17","date_gmt":"2024-12-03T07:00:17","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143794"},"modified":"2024-12-03T00:05:58","modified_gmt":"2024-12-02T22:05:58","slug":"wisdomtree-seeks-sec-approval-for-spot-xrp-etf","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wisdomtree-seeks-sec-approval-for-spot-xrp-etf\/","title":{"rendered":"WisdomTree Seeks SEC Approval for Spot XRP ETF"},"content":{"rendered":"

If approved, the WisdomTree XRP Fund would be listed on the Cboe BZX Exchange, though its ticker symbol has not yet been determined. The Bank of New York Mellon is set to serve as the fund’s administrator, according to the filing<\/a><\/strong>.<\/p>\n

The fund aims to provide exposure to XRP\u2019s<\/a> <\/strong>market performance, accounting for operational expenses. As part of its preparation, WisdomTree registered an XRP-focused entity in Delaware on November 25. Several other firms, including Bitwise, 21Shares, and Canary Capital, have also sought approval for similar spot XRP ETFs.<\/p>\n

However, the SEC has yet to greenlight such a product, largely due to its ongoing legal battle with Ripple Labs, which began in 2020. The agency accused Ripple of raising $1.3 billion through the sale of XRP, claiming the token was an unregistered security.<\/p>\n