XRP ETFs: Big Firms Bet on the Future of Crypto Investments

WisdomTree and 21Shares join Bitwise and Canary Capital in filing for XRP ETFs with the SEC. Ripple CEO Brad Garlinghouse highlights surging institutional interest in XRP amid ETF filings. Bitwise CIO Matt Hougan asserts that XRP’s potential remains untapped due to regulatory hurdles. The race to launch XRP-focused exchange-traded funds (ETFs) is heating up, with top asset managers submitting applications to the U.S. Securities and Exchange Commission (SEC). These ETFs aim to offer institutional and retail investors direct exposure to XRP, the fourth-largest cryptocurrency by market cap, through a regulated financial product. Here’s everything you need to know about the emerging XRP ETF landscape and what it means for the crypto market. Asset Managers Seek to Launch XRP ETFs WisdomTree is the most recent asset manager to file an S-1 application with the SEC to launch an XRP ETF. Notably, the WisdomTree XRP Fund shares will be listed on the Cboe BZX Exchange, with BNY Mellon serving as the fund’s administrator. The ETF will track XRP’s spot price using an independent reference rate sourced from major trading platforms. 21Shares has also filed for… The post XRP ETFs: Big Firms Bet on the Future of Crypto Investments appeared first on Coin Edition .

Source: Coin Edition