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WisdomTree President and COO Lilien Jarrett Sells 12,500 Shares for $13.21 Each.
ByAinvest
Wednesday, Aug 27, 2025 4:43 pm ET1min read
WisdomTree, Inc. (WT) recently announced that President and Chief Operating Officer Lilien R. Jarrett has sold 12,500 shares at a price of $13.21 per share on August 26, 2025.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on WisdomTree's XRP exchange-traded fund (ETF) until October 24, 2025. The application was filed by Cboe BZX Exchange, which requested a rule change to list and trade shares of the WisdomTree XRP ETF. This delay affects all pending spot XRP ETFs except Franklin Templeton’s, which faces its third deadline next month.The SEC extended the review period to ensure a thorough examination of the applications. Analysts predict a high likelihood of approval for these products, with a 95% chance of the SEC approving them this year. Bloomberg analysts Eric Balchunas and James Seyffart suggest that the SEC might approve all XRP ETFs together, similar to its approval of Bitcoin and Ethereum ETFs earlier.
The delay comes amid broader regulatory scrutiny in the cryptocurrency market. The SEC has been reviewing various applications for spot cryptocurrency ETFs, including those for XRP, Ethereum, and Solana. The cautious approach reflects the SEC's desire to mitigate potential risks and ensure rigorous standards for investment products.
The decision to delay WisdomTree's XRP ETF approval underscores the SEC's ongoing concerns about the lack of regulation and market volatility in the cryptocurrency sector. However, the delay also provides an opportunity for the SEC to refine its regulatory framework and ensure investor protection.
The cryptocurrency community has expressed frustration with the delay, arguing that it hinders the mainstream adoption of cryptocurrencies. However, the SEC's cautious approach is seen as beneficial for long-term market stability and investor protection.
As the regulatory process continues, it is essential for investors and financial professionals to stay informed about the latest developments and understand the potential risks and benefits of investing in cryptocurrencies.
References:
[1] https://www.cryptotimes.io/2025/08/26/sec-delays-wisdomtree-xrp-etf-decision-to-october-2025/
[2] https://www.ainvest.com/news/sec-halts-wisdomtree-spot-xrp-etf-launch-2508/
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