SEC announces further review process for WisdomTree XRP spot ETF

BlockBeats News: On May 27th, according to official announcements, the US Securities and Exchange Commission (SEC) announced that the "public opinion" phase of the WisdomTree XRP spot ETF has ended, and it has "initiated further review procedures" and has not yet been directly approved or rejected. The SEC officially accepted WisdomTree's XRP ETF application on February 19, 2025, and initiated a public comment period, which has now ended. The SEC has the authority to extend the review period to a maximum of 240 days, and the final decision shall be announced no later than the end of October 2025.