Announcements from major U.S. stock exchanges

WisdomTree, $112B AUM Firm, Files for Spot XRP ETF in Delaware on November 25, 2024

Nov 25, 2024, 04:25 PM

WisdomTree, a global asset management firm with $112 billion in assets under management, has filed for a spot XRP exchange-traded fund (ETF) in Delaware on November 25, 2024. The filing, confirmed as legitimate, represents a significant development in the growing competition to launch cryptocurrency-focused ETFs. The proposed fund, named the "WisdomTree XRP Fund," aims to track the performance of XRP, a digital asset with increasing interest among institutional investors. This move follows a broader trend of financial institutions seeking to capitalize on the expanding cryptocurrency market.