Asset Management Firm WisdomTree Files XRP ETF Registration in Delaware
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- Eleanor Terrett, a business journalist for Fox News, was the first to air the development.
- The tight bands around crypto ETFs have relaxed, after Donald Trump’s US presidential win.
Asset management firm WisdomTree, based in New York, has filed a registration for XRP ETF with the state of Delaware. This first step indicates that the company is just days away from submitting the product’s formal application to the SEC in the United States.
Eleanor Terrett, a business journalist for Fox News, was the first to air the WisdomTree filing on X. The document showcases that the XRP ETF registration, titled the “WisdomTree XRP Fund,” went live on November 25.
With $100 billion in AUM, the firm has a solid reputation in the global exchange-traded fund (ETF) industry. The business has verified the filing’s legitimacy, according to Terrett’s statement. This puts WisdomTree at the forefront of the US-based XRP ETF pioneers, thanks to this step.
Among the most recent filings with the US SEC is the 21Shares XRP Fund, although other businesses were pioneers in this regard as well. Eventually, WisdomTree will have to submit the S-1 registration, as Terrett pointed out, because of the statement filing in Delaware.
Positive Sentiment Among Industry Players
As signs of a US president transition surfaced after the elections, the interest in XRP ETF registration grew. Asset managers are actively seeking crypto ETF solutions due to the prospect of enhanced industry rules.
Crypto ETF applications have been brewing with the US SEC, and this has industry insiders worried about the product’s future in the US. The tight bands around crypto ETFs have relaxed, according to industry commentators, after Donald Trump’s US presidential win.
Although there have been no formal announcements about this new cryptocurrency exchange-traded fund (ETF), many are hoping that the impending departure of Gary Gensler will pave the way for a pro-crypto US SEC chairman to take over.
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