SEC Reviews WisdomTree’s XRP Trust Application, Potential ETF Approval on Horizon

The US Securities and Exchange Commission (SEC) has initiated a review of WisdomTree’s XRP Trust. This new financial product allows investors to gain exposure to XRP without directly owning the asset. If approved, this will enable investors to buy shares tracking XRP’s price on the Cboe BZX exchange, simplifying the process of investing in cryptocurrencies while eliminating the complexities associated with managing private keys and storage.