2 Jun 2025
📈SEC Proceeds with Rule Change for WisdomTree XRP Fund Shares
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting 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 initiated proceedings to determine whether to approve or disapprove the proposal for the WisdomTree XRP Fund's shares to be listed on the Cboe BZX Exchange. The investment objective of the Trust is to track XRP performance, consisting solely of XRP, cash, and cash equivalents. The SEC seeks public comment on this proposal, raising questions about compliance with existing regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines proposed SEC proceedings regarding the listing and trading of shares of the WisdomTree XRP Fund, impacting business owners and executives involved in commodity trading, investment, or crypto-assets due to potential regulatory changes.