SEC’s XRP Fund Review: Will It Fly or Flop? 🤔💰

Oh, gather ’round, dear readers, for a tale of the SEC and a curious little fund! 🧐 The SEC, that grand old gatekeeper of financial shenanigans, has decided to take a gander at the Cboe BZX Exchange’s proposal to list the oh-so-fancy WisdomTree XRP Fund. Yes, indeed! This fund is on a mission to track the spot price of XRP, using something called the CME CF Ripple-Dollar Reference Rate. Sounds posh, doesn’t it? 💼

Now, the SEC has donned its detective hat and entered a new phase of evaluation, pondering whether this fund meets the legal mumbo jumbo of the Securities Exchange Act of 1934. Yes, you heard that right—1934! That’s older than your grandma’s secret cookie recipe! 🍪

But hold your horses! 🐴 No approval or rejection has been handed down from the mighty SEC just yet. The application is still wading through the murky waters of the review process, like a duck trying to find its way home. Quack, quack! 🦆

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2025-05-28 12:09