Breaking: WisdomTree Files For XRP ETF In Delaware

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As a seasoned analyst with over two decades of experience in the financial markets, I must admit that this latest move by WisdomTree into the XRP ETF space is nothing short of intriguing. Having closely observed the evolution of the ETF industry and its transformation into a trillion-dollar behemoth, it’s fascinating to see yet another player entering the fray.

Based in New York City, investment company WisdomTree has submitted an application for an XRP-based exchange-traded fund (ETF) in Delaware. This preliminary step suggests that the firm is close to submitting the final paperwork for this product with the U.S. Securities and Exchange Commission (SEC).

WisdomTree to Join XRP ETF Bandwagon

Initially reported by Fox Business Journalist Eleanor Terrett, an update regarding WisdomTree’s filing became public. In this filing, it was revealed that the process for registering a fund focused on XRP, known as the “WisdomTree XRP Fund,” went live on November 25th.

The company has built a strong reputation for its extensive involvement in the worldwide Exchange-Traded Fund (ETF) sector and manages over $100 billion in assets. As per Terrett’s recent announcement, the firm has authenticated that the filing is genuine, placing WisdomTree at the heart of the group of key innovators in the U.S. for an XRP-based ETF.

New Development: WiseTree, a global ETF provider, has officially filed paperwork in Delaware for an Exchange-Traded Fund (ETF) tied to Ripple‘s digital asset XRP. This filing, which I have verified with the company, is authentic.

Wisdom Tree has over $100 billion in assets under management.

— Eleanor Terrett (@EleanorTerrett) November 25, 2024

Other firms pioneered the move with the 21Shares XRP Fund among the latest filed with the US SEC.

This is a breaking story, please check back for updates!!!

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2024-11-25 19:35