The post WisdomTree officially files S-1 for its spot XRP ETF. appeared first on Coinpedia Fintech News
On December 2, New York-based asset manager WisdomTree filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF). This move aligns WisdomTree with firms like Bitwise and Canary Capital, which are also pursuing XRP ETFs. WisdomTree joins the ranks of Bitwise and Canary Capital, which have also been actively pursuing spot XRP ETFs. The announcement had an immediate market impact, with XRP prices surging nearly 28% in a single day to trade at $2.34.