WisdomTree has submitted its spot XRP ETF proposal to the Federal Register, initiating a 21-day public comment period before the SEC review process begins. The regulator has the option to extend the review for up to 90 days, potentially stretching the process to 240 days. A final decision on WisdomTree's proposal could be made by October 24 under this timeline. During the comment period, investors and other stakeholders can provide feedback on the proposal's feasibility and potential market impact. The SEC will evaluate the proposal's compliance with securities laws, market integrity, manipulation risks, and investor protections. This filing is the fifth XRP ETF proposal to reach the Federal Register, following similar filings from other asset managers. The new SEC administration has displayed a more favorable stance towards crypto ETFs, suspending enforcement actions against major exchanges and establishing a Crypto Task Force to develop a framework for digital asset oversight. However, approval for the WisdomTree proposal is not guaranteed, as the SEC will conduct a thorough review considering factors such as market surveillance and investor protection.



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