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New York-based asset management firm WisdomTree has officially filed for registration to launch an XRP ETF (Exchange-Traded Fund) in Delaware.This filing, which was made public on November 25, 2024, marks a pivotal moment in the growing interest in cryptocurrency-based ETFs and positions WisdomTree as one of the core pioneers in the United States’ emerging XRP ETF market.
🚨NEW: Global ETF provider @WisdomTreeFunds has registered in the state of Delaware for an $XRP ETF. I have confirmed with the company this is a legitimate filing.
Wisdom Tree has over $100 billion in assets under management. pic.twitter.com/BXutcLIW3x
— Eleanor Terrett (@EleanorTerrett) November 25, 2024
WisdomTree to make a formal XRP ETF application with the SEC
WisdomTree, a prominent global ETF provider, has a strong reputation in the investment world, managing over $100 billion in assets.Known for its expertise in the ETF market, the company’s entry into the XRP ETF space aligns with broader trends of institutional interest in digital assets.The filing, named the “WisdomTree XRP Fund,” signals the firm’s intent to bring this product to market.The filling has already garnered attention within the financial community.While the registration statement was filed with the state of Delaware, industry experts expect WisdomTree to soon file formally with the US Securities and Exchange Commission (SEC), a critical step in the approval process for launching the ETF.As more firms express interest in launching similar products, WisdomTree’s move places it in the growing cohort of financial institutions aiming to capitalize on the mainstream adoption of cryptocurrencies.The firm follows in the footsteps of other entities such as 21Shares and Canary Capital, which recently filed for an XRP-focused ETF with the SEC.With XRP continuing to be a central figure in the world of digital assets, the approval of such an ETF could have significant implications for investors seeking exposure to the cryptocurrency market in a regulated, accessible form.This filing by WisdomTree is just the latest in a series of developments indicating that cryptocurrency ETFs are becoming a critical part of the US investment landscape.As the SEC reviews filings from multiple firms, the potential for the launch of an XRP ETF could pave the way for a new era of cryptocurrency investment products in the mainstream financial sector. More By This Author:Dash Price Surges To Five-Month High, Sets Sights On $38
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