The following Letter Type A, or variations thereof, was submitted by individuals or entities.

Letter Type A:

Securities and Exchange Commission 
100 F Street, NE 
Washington, DC 20549-1090 
Subject: Public Comment on WisdomTree XRP Trust ETF (File Number SR-CboeBZX-2024-066, Official Notice No. 34-103124) 




Dear Sir or Madam, 


I am writing to urge the Securities and Exchange Commission to approve the WisdomTree XRP Trust exchange-traded fund (ETF) as outlined in Official Notice No. 34-103124. I strongly believe that the approval of this ETF would benefit investors and align with the SEC’s mission to protect investors and maintain fair markets. 


The SEC has previously acknowledged Bitcoin as an acceptable security for spot ETFs, as evidenced by the approval of multiple Bitcoin ETFs. Similarly, XRP has been clarified as a non-security in certain contexts by Judge Analisa Torres in the SEC v. Ripple Labs case (July 2023), where she ruled that XRP itself is not a security when sold on public exchanges. This judicial clarity, combined with the SEC’s own regulatory framework, supports the argument that XRP is a suitable asset for an ETF, akin to Bitcoin. 


Approving the WisdomTree XRP Trust ETF would provide investors with a regulated and accessible way to gain exposure to XRP, reducing risks associated with unregulated crypto platforms. The proposed ETF’s structure, tracking the CME CF Ripple-Dollar Reference Rate, further ensures transparency and mitigates concerns about market manipulation, addressing key investor protection issues raised in the notice. 
I respectfully request that the SEC consider the legal precedent set by Judge Torres’ ruling and the regulatory parallels with Bitcoin ETFs when evaluating this application. Approving the WisdomTree XRP Trust ETF would foster innovation, enhance investor choice, and uphold the integrity of U.S. financial markets. 


Thank you for considering my comment. I urge the SEC to approve this ETF within the 240-day review period.