WisdomTree Files for XRP ETF in Delaware

Global ETF provider WisdomTree has recently registered in Delaware for an XRP exchange-traded fund (ETF). This exciting development was confirmed by Fox Business journalist Eleanor Terret, who reported on the legitimate filing by the company.

With over $100 billion in managed assets, WisdomTree’s move signals a significant endorsement of XRP and its potential in the mainstream financial market. This news is a big win for Ripple, as the ETF could introduce XRP to traditional investors and increase the currency’s liquidity if it gains popularity.

Following the announcement of the new XRP ETF, the currency saw a surge in value, reversing its earlier lackluster performance. In just one hour, XRP gained 5.45%, trading at $1.48 according to CoinMarketCap at the time of writing. Over the past 24 hours, XRP has seen a nearly 9% increase in value.

Sitting close to the $1.50 mark, XRP is eyeing a return to its 2021 high of over $1.70. With the upcoming transition of power in the U.S. and the selection of a new SEC Chair on the horizon, XRP is positioned as an asset that could experience significant growth in the coming months.