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Ripple News: Spot XRP ETFs Move Closer to Reality

  • Regulatory authorities have started evaluating WisdomTree's request to introduce a spot XRP exchange-traded fund on the Cboe BZX Exchange.
  • This review follows increased institutional interest in XRP and reflects the SEC's more open stance on cryptocurrency ETFs and related regulatory frameworks.
  • The WisdomTree XRP Fund would allow investors to gain regulated exposure to XRP without directly holding the digital asset, with administrative roles filled by the Bank of New York Mellon.
  • The SEC has a 240-day timeline to approve or reject the ETF, whose approval could enable XRP trading via traditional brokerages and is seen as a milestone for crypto integration.
  • Approval could establish a benchmark for future cryptocurrency ETFs in the U.S., indicating increased integration of digital currencies into conventional financial systems.
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Coin Desk broke the news in Manila, Philippines on Wednesday, May 28, 2025.
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