XRP Spot ETF Approval: Hope Rises as SEC Reviews WisdomTree Proposal

The market for XRP is buzzing once again, trading around $2.30 as investors eagerly await the possibility of a U.S. spot ETF approval. This potential breakthrough would open doors to greater institutional investment in the cryptocurrency and potentially pave the way for future crypto ETFs. While awaiting the final court decision, the SEC’s accelerated review process fuels optimism that an approval is imminent. The SEC has initiated the formal review of WisdomTree’s XRP Trust, a proposed spot ETF offering investors exposure to XRP without direct ownership. This would be the first U.S.-based spot XRP ETF, setting a precedent for future crypto ETFs.