WisdomTree Files For XRP ETF Trust: Report
Asset manager WisdomTree overseeing $113 billion in assets, has filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP (CRYPTO: XRP) exchange-traded fund (ETF).
What Happened: If successful, the ETF would track the price of XRP, the sixth-largest cryptocurrency by market capitalization, and join a growing list of applications for crypto ETFs, which are reshaping institutional access to digital assets.
The filing follows similar moves by Bitwise and Canary Capital, who are also seeking approval for XRP ETFs.
WisdomTree’s proposed XRP ETF is part of a wave of filings from investment firms aiming to provide U.S. investors with easier access to cryptocurrency markets.
Last week, Bitwise submitted an S-1 registration statement for a …
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