The SEC has initiated further review proceedings for the WisdomTree XRP Spot ETF.

BlockBeats News, May 27th, according to an official announcement, the U.S. Securities and Exchange Commission (SEC) announced that the public comment period for the WisdomTree XRP spot ETF "Request for Public Comment" phase has ended, initiating "further review process" without directly approving or rejecting it.

On February 19, 2025, the SEC formally accepted WisdomTree's XRP ETF application and initiated a public comment period, which has now ended. The SEC has the authority to extend the review period for up to 240 days, and the final decision will be announced no later than the end of October 2025.