$100 Billion WisdomTree Files for XRP ETF in Delaware

Nov 25, 2024, 04:49 PM

WisdomTree, a global ETF provider with over $100 billion in assets under management, has filed for an XRP exchange-traded fund (ETF) in Delaware, naming it the 'WisdomTree XRP Fund.' The filing, confirmed by Fox Business reporter Eleanor Terrett, marks a significant step in the firm's venture into the cryptocurrency market. This move follows similar filings by other issuers like Bitwise, 21Shares, and Canary Funds, and comes amidst ongoing SEC challenges faced by Ripple, the company behind XRP. WisdomTree's registration will likely be followed by an S-1 registration filing with the SEC at some point.