WisdomTree scraps plan to launch XRP ETF in the US
WisdomTree has withdrawn its application to the SEC to launch an XRP exchange-traded fund in the United States.Summary
WisdomTree has decided to end its bid to launch an XRP exchange-traded fund (ETF) in the US, filing a request with the Securities and Exchange Commission (SEC) to withdraw its application for the WisdomTree XRP Fund. The New York-based asset manager had previously launched a physical XRP product in Europe. This move follows a similar withdrawal by CoinShares for its own US ETF proposals, including one for XRP. The decision comes amid consolidation in the US XRP ETF market, where existing products have seen significant inflows, though on a much smaller scale than Bitcoin ETFs. Subdued risk appetite generally suggests sponsors may be focusing on established offerings rather than pursuing new, incremental launches, despite some major firms like Morgan Stanley proceeding with other crypto ETF plans.
(Source：Crypto Briefing)