TechFlow, May 27 — According to an official announcement, the U.S. Securities and Exchange Commission (SEC) announced on May 27, 2025, that it has initiated a formal process to determine whether to approve Cboe BZX Exchange's application to list the WisdomTree XRP Fund. The fund aims to track the performance of the XRP cryptocurrency, using the CME CF Ripple-Dollar Reference Rate as its benchmark. The SEC is particularly focused on whether the proposal meets regulatory requirements designed to prevent fraud and market manipulation and to protect investor interests. The SEC has opened a public comment period, with comments due within 21 days of publication in the Federal Register and rebuttal comments allowed within 35 days. This action marks a critical phase in the XRP ETF approval process.
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