The U.S. Securities and Exchange Commission (SEC) Acknowledges WisdomTree’s XRP ETF Application

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged WisdomTree’s application to list and trade shares of an XRP exchange-traded fund (ETF).

With the SEC’s acknowledgment, a three-week comment period has begun. This allows interested parties—investors, industry experts, and the general public—to submit comments on how the agency should evaluate WisdomTree’s proposal. The SEC will review these comments before deciding whether to approve, reject, or postpone the application.

Official comments will not start until a filing is posted in the Federal Register. Recently, institutional interest in XRP has surged, as several XRP ETF applications have emerged in the Federal Register over the past few weeks. Other issuers like Grayscale, Bitwise, and CoinShares have also received responses from the SEC regarding their crypto ETF applications.

Uyeda Drives Regulatory Shift, Enhancing Crypto ETF Prospects

Acting Chair Mark Uyeda is now considering cryptocurrency ETFs that would likely have been rejected under the previous SEC leadership.

His tenure has marked a significant shift in regulatory approach, including the suspension of enforcement actions against major crypto exchanges Binance and Coinbase.

Uyeda has also led the creation of a new Crypto Task Force to propose a framework for how the SEC will oversee digital assets.

Furthermore, the political environment has bolstered institutional confidence in crypto ETFs. The prospect of President Donald Trump’s return to the White House is seen as a development that could further influence the SEC’s tone.