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WisdomTree Withdraws XRP ETF Filing From US SEC


WisdomTree Withdraws XRP ETF Filing From US SEC

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WisdomTree withdrew its XRP ETF application with the SEC on January 6, stating it will not pursue the product currently. Following the news, XRP fell approximately 5%, while other spot ETFs saw inflows.

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  • WisdomTree withdrew its XRP ETF filing on January 6.
  • The firm has decided not to pursue an XRP product at this time.
  • XRP fell roughly 5% on the news while spot ETFs recorded inflows.

WisdomTree has withdrawn its XRP ETF application from the United States Securities and Exchange Commission (SEC). A filing dated January 6 shows the firm requested the withdrawal of its Form S-1 under Rule 477 of the Securities Act. The company stated it has decided not to proceed at this time.

No shares were issued, and no capital wa…

Read The Full Article WisdomTree Withdraws XRP ETF Filing From US SEC On Coin Edition.

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