Breaking: WisdomTree Files For XRP ETF In Delaware
Highlights
- XRP ETF registration filed by WisdomTree in Delaware
- Potential S1 registration projected by market analysts
- Wave of crypto ETF filings growing in the United States with projected approval in view
- Gary Gensler's resignation sets pace for crypto ETF approvals
New York-headquartered asset management firm, WisdomTree has filed a registration statement for XRP ETF in Delaware. With this preliminary move, the firm is likely days away from officially filing for the product with the US Securities and Exchange Commission (SEC).
WisdomTree to Join XRP ETF Bandwagon
The update of the WisdomTree filing was first shared on X by Fox Business Journalist Eleanor Terrett. As showcased in the filing, the XRP ETF registration went live on November 25 and named the “WisdomTree XRP Fund.”
The company is known for its deep footing in the Global ETF market and boasts of $100 billion in assets under management. According to the update from Terrett, the firm has confirmed that the filing is a legitimate one. This move pushes WisdomTree among the core pioneers of an XRP ETF in the US.
🚨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
Other firms pioneered the move with the 21Shares XRP Fund among the latest filed with the US SEC. With the statement filing in Delaware, WisdomTree is bound to file S-1 registration at some point as Terrett remarked.
The interest in XRP ETF filing intensified amid indications of a change in US President post-elections. The expectations of improved regulations for the industry has fueled asset managers’ quest for crypto ETF products.
Fate of Crypto ETFs Wit US SEC
With the bout of crypto ETF applications with the US SEC, industry stakeholders are concerned about the prospect of the product in the nation.
Meanwhile, Coingape reported last week that the market regulator have an active engagement with Solana ETF applicants. The update at the time hinted at a collaborative exploration of S1-statements with exchanges likely to file 19b-4 soon.
Industry commenters believe the Donald Trump victory in the US Presidential elections have loosened the tight bands toward crypto ETFs. While official statements regarding this positive twist to crypto ETF remain unofficial, many anticipates approvals with the coming resignation of Gary Gensler for a pro-crypto US SEC Chairman.
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