WisdomTree officially files S-1 for spot XRP ETF
Summary
WisdomTree has filed to launch a spot ETF backed by XRP, becoming the fourth company in the U.S. to do so. The filing, submitted on Dec. 2, is for the WisdomTree XRP fund, which aims to provide investors exposure to XRP's price through shares listed on the Cboe BZX Exchange. The fund's share creation and redemption will utilize a cash-create method, with potential for an in-kind model pending further approvals. Coinbase affiliates will act as the prime execution agent and XRP custodian. Other companies that have filed for spot XRP ETFs include Bitwise, Canary Capital, and 21Shares, with Bitwise being the first to file in October.
