WisdomTree Registers XRP ETF in Delaware
Prominent asset manager WisdomTree, with over $100 billion in assets under management, has filed for an XRP Exchange-Traded Fund (ETF) in Delaware. The registration was confirmed by Eleanor Terret of Fox News, citing direct verification from the company. This marks a significant milestone in the institutional adoption of XRP.
Key Details:
- Filing Location: State of Delaware (a hub for corporate registrations).
- Product Type: Passive investment vehicle tracking XRP’s price.
- WisdomTree’s AUM: $100+ billion, underscoring its credibility.
Industry Momentum: XRP ETFs Gain Traction
WisdomTree joins a growing list of asset managers seeking SEC approval for XRP-based ETFs:
21Shares
- Filed a Form S-1 for the 21Shares Core XRP Trust in November 2024.
- Aims to provide exposure to XRP’s price movements without active management.
Bitwise Asset Management
- Submitted registration for an XRP ETF in October 2024.
- As the largest US digital asset index fund manager, Bitwise’s entry signals strong institutional interest.
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XRP Price Outlook: Analysts Bullish on Long-Term Growth
Amid ETF developments, XRP’s market performance shows resilience:
- Current Price: $1.43 (8% increase in 24 hours at time of reporting).
- Price Prediction: A prominent crypto strategist suggests XRP could potentially reach $20, driven by adoption and macroeconomic factors.
Why XRP?
- Payments Focus: Designed for fast, low-cost cross-border transactions.
- Regulatory Clarity: Unlike many cryptocurrencies, XRP has defined legal standing post-SEC litigation.
FAQs: WisdomTree’s XRP ETF
Q: What is an XRP ETF?
A: An ETF that tracks XRP’s price, allowing investors to gain exposure without directly holding the asset.
Q: How does WisdomTree’s filing impact XRP’s market?
A: Institutional filings often correlate with increased liquidity and mainstream validation.
Q: When might the XRP ETF launch?
A: Approval timelines depend on SEC review processes, typically ranging from months to years.
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Conclusion: A Pivotal Step for Crypto ETFs
WisdomTree’s XRP ETF filing reflects the growing intersection of traditional finance and digital assets. With multiple asset managers vying for approval, XRP’s institutional footprint continues to expand—potentially driving long-term price appreciation.
Final Note: Always conduct independent research before investing. Crypto markets are volatile, and regulatory approvals remain uncertain.
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- XRP ETF
- WisdomTree
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- XRP price prediction
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- SEC filings
- Bitwise Asset Management