WisdomTree Files for XRP ETF in Delaware, Expanding the Growing List of Applicants
New York-based asset management firm WisdomTree has filed a registration statement for an XRP Exchange-Traded Fund (ETF) in Delaware. This preliminary filing sets the stage for an eventual submission to the U.S. Securities and Exchange Commission (SEC).
Key Highlights:
- WisdomTree has registered for the “WisdomTree XRP Fund” in Delaware, signaling its intention to join the growing wave of XRP ETF applicants.
- Analysts expect the company to file an S-1 registration with the SEC soon.
- This move positions WisdomTree among the early adopters seeking to launch an XRP ETF in the United States.
XRP ETF Filing Momentum Grows
The filing, dated November 25, was first reported by Fox Business journalist Eleanor Terrett, who confirmed its legitimacy. WisdomTree, a global ETF provider managing over $100 billion in assets, is now part of the race to introduce XRP ETFs in the U.S. This follows other recent applications, including the 21Shares XRP Fund.
Shifting Landscape for Crypto ETFs
The surge in crypto ETF filings coincides with optimism around regulatory changes in the U.S. The post-election climate has sparked hopes for pro-crypto policies, with expectations that a new SEC chairman could accelerate ETF approvals. Market analysts suggest Gary Gensler’s anticipated resignation might pave the way for more crypto-friendly regulations.
Broader Implications for Crypto ETFs
Recent reports indicate the SEC has been engaging with applicants for Solana ETFs, suggesting a more collaborative stance on crypto ETF reviews. Observers believe that the changing political landscape, including a potential Donald Trump presidency, could further soften regulatory resistance toward crypto ETFs.
As WisdomTree prepares to file its XRP ETF with the SEC, the momentum surrounding these products underscores a growing interest in expanding access to cryptocurrency investments within the U.S. regulatory framework.
