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.
This is a breaking story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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