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  • Breaking: WisdomTree Files For XRP ETF in Dellaware

Breaking: WisdomTree Files For XRP ETF in Dellaware

  • By
  • Giovane
  • published: 25.11.2024
  • Last updated: 29.11.2024

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Global ETF provider WisdomTree has recently registered in Delaware for an XRP exchange-traded fund (ETF). The report comes from Fox Business journalist Eleanor Terret, who confirms a legitimate filing by the company.

WisdomTree currently has over $100 billion in managed assets, and this move signals a significant endorsement of XRP and its potential in the mainstream financial market. This is a huge development for Ripple as the ETF could facilitate the exposure of XRP to traditional investors. Furthermore, if the exchange-traded fund gains popularity — it could reflect on a boost in the currency’s liquidity. a

XRP Surges After ETF Filing

Only moments after the reports of the new XRP ETF arrived, the currency reverted to its intra-day sluggish performance. Over the past hour alone, $XRP gained 5.45% in value.

At this time of writing, the asset trades at $1.48 according to CoinMarketCap. Overall XRP marks a near 9% increase over the past 24 hours.

Currently trading near the $1.50 level, XRP now looks to regain its 2021 high of above $1.70. With Donald Trump expecting to take office in January, and a new SEC Chair to be announced any time soon, the altcoin is definitely one of the assets that could see the most value gained in the upcoming months.

Disclaimer: The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more

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Giovane

My name is Giovane, and I've been covering the world of cryptocurrencies for nearly half a decade. I have a deep passion for understanding how crypto is shaping our future and enjoy diving into the news that highlights these changes. I'm particularly interested in how Bitcoin, Altcoins, and blockchain technology impact economies and societies worldwide.

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