Major Asset Manager Files for Spot XRP ETF

WisdomTree, a major player in the asset management and ETF industry, is reportedly preparing to launch an exchange-traded fund (ETF) centered on XRP.

This development was highlighted by Eleanor Terret of Fox News, who revealed that the company filed for an XRP ETF in Delaware. WisdomTree, which oversees more than $100 billion in assets, confirmed the legitimacy of the filing.

Earlier this month, another asset manager, 21Shares, submitted a Form S-1 registration to the U.S. Securities and Exchange Commission (SEC) for its proposed “21Shares Core XRP Trust.” This product is designed to serve as a passive investment vehicle mirroring the performance of XRP, a cryptocurrency tailored for payments.

These moves follow a similar initiative by Bitwise Asset Management, the largest U.S. digital asset index fund provider, which filed for an XRP ETF in October. The growing interest among major firms signals increasing momentum toward institutional adoption of XRP-related products.

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In parallel, a well-known crypto strategist recently suggested that XRP could potentially surge to a remarkable $20, sparking conversations about its long-term growth prospects.

Kosta Gushterov