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SEC Formally Begins Review of WisdomTree XRP Trust


by Coin Edition
for CoinEdition
SEC Formally Begins Review of WisdomTree XRP Trust
  • The application was filed by the Cboe BZX Exchange
  • ETF’s goal is to track the performance of XRP, which is measured by the CME CF Ripple-Dollar Reference Rate
  • The SEC now has up to 240 days to approve or reject the application

The US Securities and Exchange Commission (SEC) has officially initiated a review of the WisdomTree XRP Trust, a proposed spot ETF designed to provide investors with exposure to XRP without the need to hold the cryptocurrency directly.

The Cboe BZX Exchange filed the application, and if it gets a green light, it would mark a notable achievement as the first spot XRP ETF in the US.

ETF’s goal is to track the performance of XRP, which is measured by the CME CF Ripple-Dollar Reference Rate. 

The Trust’s assets will consist solely of XRP, cash, and cash equivalents, and it will value its shares daily at 4:00 PM ET using the same methodology as the Pricing Benchmark. In the context of cryptocurrencies, it refers to a reliable and transparent price data source used to measure the performance and value of digital assets.

Regarding the shares, they will be sold or redeemed in blocks of 5,000 through cash transactions with authorize…

The post SEC Formally Begins Review of WisdomTree XRP Trust appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency

Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency

Wellgistics Health, Inc. (NASDAQ: WGRX), a Florida-based pharmaceutical distribution ...
XRP (XRP) Price Prediction for July 25

XRP (XRP) Price Prediction for July 25

XRP price is trading near $3.06 in today’s session after a sharp selloff rejected the...

SEC Formally Begins Review of WisdomTree XRP Trust


by Coin Edition
for CoinEdition
SEC Formally Begins Review of WisdomTree XRP Trust
  • The application was filed by the Cboe BZX Exchange
  • ETF’s goal is to track the performance of XRP, which is measured by the CME CF Ripple-Dollar Reference Rate
  • The SEC now has up to 240 days to approve or reject the application

The US Securities and Exchange Commission (SEC) has officially initiated a review of the WisdomTree XRP Trust, a proposed spot ETF designed to provide investors with exposure to XRP without the need to hold the cryptocurrency directly.

The Cboe BZX Exchange filed the application, and if it gets a green light, it would mark a notable achievement as the first spot XRP ETF in the US.

ETF’s goal is to track the performance of XRP, which is measured by the CME CF Ripple-Dollar Reference Rate. 

The Trust’s assets will consist solely of XRP, cash, and cash equivalents, and it will value its shares daily at 4:00 PM ET using the same methodology as the Pricing Benchmark. In the context of cryptocurrencies, it refers to a reliable and transparent price data source used to measure the performance and value of digital assets.

Regarding the shares, they will be sold or redeemed in blocks of 5,000 through cash transactions with authorize…

The post SEC Formally Begins Review of WisdomTree XRP Trust appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency

Wellgistics Health Files to Use XRP for Treasury, Cites XRPL Efficiency

Wellgistics Health, Inc. (NASDAQ: WGRX), a Florida-based pharmaceutical distribution ...
XRP (XRP) Price Prediction for July 25

XRP (XRP) Price Prediction for July 25

XRP price is trading near $3.06 in today’s session after a sharp selloff rejected the...