cryptojournalist
SEC Submission
WisdomTree has officially filed for a spot XRP ETF, marking its latest move in the crypto ETF space. The Dec. 2 filing makes it the fourth company to submit a similar request to the SEC.
Fund Details
The proposed ETF, WisdomTree XRP Fund, will track XRP prices by trading shares on the Cboe BZX Exchange. Investors can use cash to create or redeem shares, with an in-kind process under review.
Coinbase’s Role in the ETF
Coinbase affiliates will handle custody and execution for the fund, continuing their partnership with WisdomTree, as seen in their earlier Bitcoin ETF collaboration.
Competitive Landscape
Other applicants for spot XRP ETFs include Bitwise, Canary Capital, and 21Shares, all filing within the past three months.
