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Ripple News: Spot XRP ETFs Move Closer to Reality

  • Regulatory authorities began evaluating WisdomTree's proposal to introduce a spot XRP exchange-traded fund on May 30, 2025.
  • This review followed increased interest in regulated cryptocurrency products and a climate of greater SEC openness towards crypto ETFs under new leadership.
  • The ETF would list on the Cboe BZX Exchange and provide investors exposure to XRP without direct token ownership, with Bank of New York Mellon as administrator.
  • The SEC's formal process includes a 21-day public comment period and up to 240 days for a final decision, which could set a precedent for future crypto ETFs.
  • Approval would increase XRP's institutional legitimacy and potentially broaden traditional investors' access to the cryptocurrency market through regulated products.
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Coin Desk broke the news in Manila, Philippines on Wednesday, May 28, 2025.
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