The United States Securities and Exchange Commission<\/strong> (SEC) has officially started reviewing the WisdomTree XRP Trust<\/strong>. This is the first XRP spot ETF proposed, marking a significant step towards the approval of a similar product. It paves the way for the introduction of ETFs<\/strong> for other crypto assets<\/a>.<\/p>\n\n\n\n If the WisdomTree XRP Trust gets approved, it will become the first XRP spot ETF in the United States. This will allow investors to have exposure to Ripple<\/strong> through traditional brokerage accounts, eliminating the need to hold private keys<\/strong> or self-custody assets.<\/p>\n\n\n\n The application was filed by Cboe BZX Exchange<\/strong>, marking the SEC’s first official review of a US-based XRP spot ETF. The SEC now has 240 days<\/strong> to approve or reject the application while seeking public feedback on managing concerns related to market manipulation and investor protection.<\/p>\n\n\n\n In this context, Stuart Alderoty<\/strong>, Ripple’s Chief Legal Officer, reiterated this week that Ripple should not be considered a security in itself. This statement comes as discussions on the approval of the XRP ETF continue.<\/p>\n\n\n\nXRP ETF : A Crucial Decision for the Ripple Ecosystem<\/h2>\n\n\n\n