PANews reported on May 28 that SEC documents (34-103124) showed that the Cboe BZX Exchange's application for a change in the listing and trading rules for the WisdomTree XRP Fund has entered the formal review process. The fund intends to track the spot price of XRP and value it daily based on the CME CF Ripple-Dollar reference rate, with holdings consisting only of XRP, cash and equivalents. The SEC pointed out that it will further evaluate whether it complies with relevant regulations on preventing manipulation and protecting the interests of investors (Securities Exchange Act Section 6(b)(5)). No approval or rejection decision has been made yet, and the public may submit written comments for review.