What SEC deadline applied to the WisdomTree XRP Fund rule change in 2025, and what did WisdomTree do with its registration in January 2026?

The full answer

What deadline did the SEC set for the WisdomTree XRP Fund rule change?

October 24, 2025. The SEC set that date in a notice dated August 25, 2025, Release No. 34-103771 under File No. SR-CboeBZX-2025-019 [1]. 34-103771 under File No. SR-CboeBZX-2025-019 [1]. The notice designates October 24, 2025 as the date by which the Commission “shall either approve or disapprove” Cboe BZX’s proposal to list and trade shares of the WisdomTree XRP Fund [1].

The notice was issued for the Commission by the Division of Trading and Markets under delegated authority and signed by Vanessa A. Countryman [1]. The notice extended the time period for approving or disapproving the proposed rule change by an additional 60 days [1].

How did the review reach October 24, 2025?

The SEC notice lays out the steps [1]:

1. On February 6, 2025, Cboe BZX Exchange, Inc. filed a proposed rule change with the SEC to list and trade shares of the WisdomTree XRP Fund under BZX Rule 14.11(e)(4).
2. The proposal was published for comment in the Federal Register on February 26, 2025.
3. On March 11, 2025, the SEC took a longer period and named May 27, 2025 as its next decision date.
4. On May 27, 2025, it opened proceedings to decide whether to approve or disapprove.
5. On August 25, 2025, the 180th day after publication, it extended the period by an additional 60 days, to October 24, 2025.

The same notice explains the limit behind that schedule. After proceedings begin, the Exchange Act calls for an order within 180 days of publication, and the period may be extended by not more than 60 days if the Commission determines that a longer period is needed [1]. A parallel timeline for another issuer is set out on the page about the SEC deadline for the Bitwise XRP ETF rule change.

What did WisdomTree file in January 2026?

On January 6, 2026, the WisdomTree XRP Fund asked the SEC to consent to withdrawal of its registration statement on Form S-1 [2]. The registration, File No. 333-283538, had first been filed on December 2, 2024 [2]. 333-283538, had first been filed on December 2, 2024 [2]. The request covered the S-1 together with all exhibits and amendments.

The letter gives one reason. The fund “has determined not to proceed at this time with the offering covered by the Registration Statement,” and it states that no shares were sold under that registration [2]. Jeremy Schwartz signed as Chief Executive Officer of WisdomTree Digital Commodity Services, LLC, the fund’s sponsor [2].

What is Form RW, and what does WisdomTree’s letter rely on?

The document asks the SEC to consent to withdrawal of the fund’s Form S-1 registration statement, File No. 333-283538 [2]. 333-283538 [2]. It cites Rule 477 of Regulation C under the Securities Act of 1933, and it asks the SEC to “consent to the withdrawal” of the registration statement [2]. The S-1 is the registration for the fund’s share offering. The Cboe BZX rule change was a separate exchange filing about listing and trading those shares [1]. For background on how these products are structured, see what an XRP ETF is and when they were approved.

Is the WisdomTree XRP Fund still planned?

WisdomTree’s January 6, 2026 letter says the fund will not proceed “at this time” [2]. It does not describe any plan to refile, and it does not mention the Cboe BZX rule change at all. As of October 13, 2026, the letter is WisdomTree’s last stated position on this registration. The funds that did reach the market are covered on the page about which XRP ETFs exist.

An SEC filing stated: “The Trust is requesting withdrawal of the Registration Statement because it has determined not to proceed at this time with the offering covered by the Registration Statement. … No shares were sold pursuant to the above-mentioned Registration Statement.”

The withdrawal is easy to read as a verdict on demand for XRP funds, or as a regulatory refusal. The two filings support neither reading. WisdomTree’s letter states a decision not to proceed and gives no market, cost or regulatory reason [2]. The SEC’s August 25, 2025 notice extended a deadline and made no finding on the merits of the proposal [1]. A broader critique of how much real-world use XRP would need, separate from any one fund, is set out in how much XRP liquidity it would take to settle a share of global payments.