• WisdomTree has filed for registration to launch an XRP ETF in the US state of Delaware
• The filing is a preliminary step, and WisdomTree is expected to officially file for the XRP ETF with the US Securities and Exchange Commission (SEC) soon
• The interest in XRP ETF filings has intensified amid expectations of improved crypto regulations under a potential new US administration
The list of XRP ETF applicants is growing as WisdomTree has filed for registration to launch the product in the US State of Delaware.
XRP ETF registration filed by WisdomTree in Delaware
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.
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.
Conclusion
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. With the bout of crypto ETF applications with the US SEC, industry stakeholders are concerned about the prospect of the product in the nation. However, many anticipate approvals with the coming resignation of Gary Gensler for a pro-crypto US SEC Chairman.
