One of the foremost United States spot Bitcoin (BTC) Exchange Traded Fund (ETF) issuers, WisdomTree, is seeking an XRP ETF.
It has successfully applied with the Securities and Exchange Commission (SEC) to list the offering dubbed the WisdomTree XRP Fund. Noteworthy, WisdomTree is the fourth company in the US to submit a Form S-1 for a spot XRP ETF.
The other three include Bitwise, Canary Capital, and 21Shares.
WisdomTree XRP ETF Filing and Prospects
Notably, the WisdomTree registration statement came weeks ago with the S-1 statement now making it official.
The Asset manager has not yet set the ticker for the XRP trust nor specified the expected sponsor fee. Hence, the investment firm will likely update its SEC filing very soon to increase approval odds.
In its filing, WisdomTree revealed that the Bank of New York Mellon Corp. (NYSE: BK) will serve as the trustee. The banking giant’s role will also include fund accountant and transfer agent for the trust.
This comes onl
We współpracy z: https://www.thecoinrepublic.com/2024/12/03/xrp-etf-wisdomtree-joins-bitwise-in-push-for-approval/
