28 Aug 2025
📈SEC Notice on WisdomTree XRP Fund Trading Rules
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the WisdomTree XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
Summary
The SEC has published a notice concerning Cboe BZX Exchange's proposed rule change to list and trade shares of the WisdomTree XRP Fund. The notice highlights the extended period for the SEC’s decision-making process, allowing more time for consideration of the implications of this proposed trading rule in the cryptocurrency market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a proposed rule change regarding the listing and trading of the WisdomTree XRP Fund, which could significantly impact investment strategies and compliance obligations for businesses involved in cryptocurrency and financial markets. The extended review period indicates careful regulatory scrutiny that business owners in these sectors should monitor.