WisdomTree Files for "WisdomTree XRP Fund", a Spot XRP ETF, with SEC

Dec 2, 2024, 11:14 AM

WisdomTree, an asset management firm, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot XRP Exchange-Traded Fund (ETF) named the "WisdomTree XRP Fund," registered in Delaware. This move represents an expansion of WisdomTree beyond its previous focus on Bitcoin and Ethereum ETFs. The proposed ETF would track the daily price of XRP, the third-largest cryptocurrency by market capitalization. If approved, the fund would be managed by the Bank of New York Mellon. No exchange or ticker has been specified for the ETF. WisdomTree joins other firms such as Bitwise, Canary, and 21Shares, who have also applied for spot XRP ETFs. The filing signifies a significant step for XRP, potentially expanding its accessibility to investors through traditional financial markets.