XRP Spot ETF Update: SEC Advances WisdomTree Proposal Review

US SEC has initiated a new phase of review for the WisdomTree XRP spot ETF proposal. Reportedly, the SEC is examining the WisdomTree XRP ETF proposal, submitted by Cboe BZX Exchange, to determine if it meets the legal standards under the Securities Exchange Act of 1934. Will the commission’s move lead to the approval of the first US-based XRP Spot ETF?