SEC Reviews Spot XRP ETF, Ripple Eyes Circle Acquisition

The U.S. Securities and Exchange Commission has begun a formal review of the WisdomTree XRP Trust, raising the possibility of the first U.S.-based spot XRP ETF and prompting public input on market manipulation and investor protection. Bloomberg analysts predict a strong chance of ETF approval amid a more crypto-friendly regulatory environment. Ripple is reportedly in talks to acquire Circle, the issuer of the USDC stablecoin, further elevating XRP's institutional profile. The Volatility Shares XRPI Futures ETF has also launched, reflecting growing interest in XRP. In June, the broader crypto market will see $3.3 billion in token unlocks from projects like Sui and Metars Genesis, which could impact prices and liquidity. Additionally, DeFi platforms such as XenDex are utilizing the XRP Ledger to introduce advanced trading features.