17 Mar 2025
📈SEC Extends Review for WisdomTree XRP Fund Rule Change
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on 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 designated an extended period to consider a proposed rule change from Cboe BZX Exchange for listing the WisdomTree XRP Fund, allowing for thorough analysis of the implications and market impacts associated with trading cryptocurrency-based trust shares. The decision timeline is important for industry stakeholders following commodity-based trusts.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to a proposed rule change by Cboe BZX Exchange to list and trade the WisdomTree XRP Fund, impacting compliance and regulatory requirements for businesses involved in cryptocurrency investment and trading. The extended review period suggests potential delays in market entry, affecting business decisions and strategies.