WisdomTree's Will Peck says the SEC just let a money market fund trade like a stablecoin

What happened

WisdomTree’s money‑market fund WTGXX received SEC approval to trade and settle continuously on a blockchain against stablecoins, making it the first registered fund exempt from a pricing rule that has existed since the 1970s.

Confirmed

Global impact / market context

The approval lets a traditional fund work like a digital token, which can cut transaction costs and make it easier for investors to buy or sell cash‑like assets at any time, showing regulators may support more crypto‑style features.

Analyst inference

Money‑market funds face low returns and competition from crypto‑based stablecoins. This regulatory change could draw investors who want faster trading while keeping the safety of a regulated fund.

Analyst inference

What to watch

1. If other money‑market or short‑duration funds seek similar on‑chain trading rights, indicating broader regulatory acceptance. Proposed
2. Investor interest in WTGXX’s on‑chain access, which could influence fund inflows and the appeal of comparable stablecoin products. Proposed
3. SEC guidance on the pricing rule exemption, as further clarification may affect how asset managers design crypto‑linked offerings. Proposed

Evidence

• thestreet.com