SEC Extends Review of WisdomTree’s XRP Spot ETF Application

The U.S. Securities and Exchange Commission (SEC) has extended the review process for WisdomTree’s proposed XRP spot exchange-traded fund (ETF). The SEC concluded its public comment period on the application, initiating further procedures that could take up to 240 days. This decision underscores the regulatory body’s commitment to evaluating the potential market impact of crypto-based ETFs, particularly given the history of legal challenges involving XRP.