🚀 SEC Reviews WisdomTree XRP Fund Listing Proposal
#SEC #WisdomTree #XRP #CboeBZX #Exchange #MarketRegulation #InvestorProtection #Cryptocurrency #Ripple #FinancialMarkets
According to PANews, the U.S. Securities and Exchange Commission (SEC) has initiated a formal review of the proposed rule change by Cboe BZX Exchange to list and trade the WisdomTree XRP Fund. The fund aims to track the spot price of XRP and will be valued daily based on the CME CF Ripple-Dollar reference rate. Its holdings will consist solely of XRP, cash, and cash equivalents.
The SEC is assessing whether the proposal complies with regulations designed to prevent market manipulation and protect investors, as outlined in Section 6(b)(5) of the Securities Exchange Act. As of now, no decision has been made to approve or deny the proposal. The public is invited to submit written comments for consideration during the review process.#SEC #WisdomTree #XRP #CboeBZX #Exchange #MarketRegulation #InvestorProtection #Cryptocurrency #Ripple #FinancialMarkets
🚀 SEC Seeks Public Input on WisdomTree Bitcoin Fund Rule Changes
#SEC #WisdomTree #BitcoinFund #cryptocurrency #ETFs #publicinput #rulechanges #BlackRock #VanEck #Bitcoin #Ethereum #BTC
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) is inviting public comments on potential rule modifications that would allow the WisdomTree Bitcoin Fund to engage in physical creation and redemption.
The SEC has previously delayed decisions and sought feedback on similar rules concerning cryptocurrency ETFs, including BlackRock's iShares Bitcoin Trust, VanEck Bitcoin Trust, and VanEck Ethereum Trust.
In a recent announcement, the SEC has opened a 21-day period for individuals to submit written data, opinions, or arguments regarding whether the proposed rule change for the WisdomTree Bitcoin Fund should be approved or rejected.#SEC #WisdomTree #BitcoinFund #cryptocurrency #ETFs #publicinput #rulechanges #BlackRock #VanEck #Bitcoin #Ethereum #BTC