WisdomTree filed Form S-1 to US SEC to get an approval for XRP ETF.
XRP is trading above $2 at present, recording 60% growth in the past week.
WisdomTree filed Form S-1 for XRP Exchange-traded funds to get an approval from the US SEC. The XRP token has already been grabbing attention from the entire industry with its strong bullish rally for the past month. The change in the dynamics of US politics, which contributed to XRP’s current growth, might as well be in favor of the WisdomTree S-1 filing.
BREAKING: @WisdomTreeFunds FILES FOR SPOT $XRP ETF pic.twitter.com/QaBhhzVlxc
— DEGEN NEWS (@DegenerateNews) December 2, 2024
Asset Management firm WisdomTree submitted a Form S-1 to US SEC on Dec 2 followed by its XRP ETP filing with the state of Delaware in November. With this move, the firm joined the list of firms such as Bitwise, 21 Shares, Canary Capital that are already in line to push for XRP-based funds.
The crypto-favorable environment in the United States
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