In a significant development for the cryptocurrency market, Wisdom Tree — a $100 billion asset manager and leading exchange-traded fund (ETF) issuer — has reportedly filed for an XRP ETF. This move signals growing institutional interest in XRP, one of the most widely used digital assets for cross-border payments, and could pave the way for broader mainstream adoption.
The news was first revealed by Eleanor Terret, a journalist with Fox News, who confirmed via social media that Wisdom Tree had officially registered for an XRP ETF in Delaware. According to her report:
“NEW: Global ETF provider WisdomTreeFunds has registered in the state of Delaware for an XRP ETF. I have confirmed with the company this is a legitimate filing. Wisdom Tree has over $100 billion in assets under management.”
This registration marks a pivotal step in the potential launch of a regulated investment vehicle tied to XRP, bringing it one step closer to joining Bitcoin and Ethereum as crypto assets with accessible ETF options for traditional investors.
Why an XRP ETF Matters
Exchange-traded funds have long been a gateway for retail and institutional investors to gain exposure to asset classes without directly owning the underlying asset. With Bitcoin ETFs now approved and actively trading in the U.S., market attention has shifted toward other major cryptocurrencies — particularly XRP.
An XRP ETF would allow investors to gain price exposure to XRP through traditional brokerage accounts, eliminating the need to navigate crypto exchanges, wallets, or private keys. This simplification lowers entry barriers and aligns with regulatory frameworks, making it easier for pension funds, mutual funds, and conservative investors to participate.
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Growing Institutional Momentum
Wisdom Tree is not alone in its pursuit of an XRP-based product. Earlier in November 2025, 21Shares — a well-known issuer of crypto financial products — submitted a Form S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for the proposed “21Shares Core XRP Trust.” This trust aims to function as a passively managed vehicle tracking the market price of XRP.
Additionally, Bitwise Asset Management, recognized as the largest digital asset index fund manager in the United States, filed its own initial registration for an XRP ETF just weeks prior. These coordinated efforts from major players underscore a clear trend: institutional demand for regulated XRP investment vehicles is rising.
The Regulatory Landscape
The path to an approved XRP ETF remains complex due to ongoing regulatory scrutiny. Unlike Bitcoin, which the SEC has classified as a commodity, XRP’s legal status has been contested. Ripple Labs, the company behind XRP, has been involved in a prolonged legal battle with the SEC over whether XRP qualifies as a security.
However, recent court rulings have provided some clarity, with judges determining that XRP is not inherently a security when sold on public exchanges. This precedent strengthens the case for ETF approval and may influence future decisions by regulators.
Still, any XRP ETF will likely face intense review before receiving final clearance. The SEC typically evaluates factors such as market manipulation risks, custody solutions, and pricing transparency before greenlighting new crypto-based financial products.
Market Reaction and Price Outlook
At the time of writing, XRP is trading at $1.43 — up 8% in the past 24 hours — reflecting renewed market optimism following these ETF developments. Analysts suggest that increased institutional involvement could drive further momentum.
One prominent crypto strategist recently stated that XRP could potentially reach $20 under favorable conditions, citing growing adoption in global payments infrastructure and increasing demand from financial institutions leveraging Ripple’s technology.
While such targets remain speculative, they highlight the confidence building around XRP’s long-term utility and value proposition.
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Core Keywords Driving Interest
The surge in interest around an XRP ETF revolves around several key themes:
- XRP ETF
- Wisdom Tree
- Cryptocurrency investment
- Institutional adoption
- SEC registration
- Digital asset regulation
- Exchange-traded fund
- Crypto market trends
These keywords reflect both investor curiosity and search behavior related to emerging crypto financial products. As more filings emerge and regulatory discussions continue, content centered on these topics will play a crucial role in informing market participants.
Frequently Asked Questions (FAQ)
Q: What is an XRP ETF?
A: An XRP ETF (exchange-traded fund) is a regulated investment product that tracks the price of XRP without requiring investors to directly buy or store the cryptocurrency. It trades on traditional stock exchanges, offering easier access for mainstream investors.
Q: Is Wisdom Tree’s filing a guarantee of approval?
A: No. Filing with state authorities like Delaware is an early administrative step. Final approval depends on the SEC’s evaluation of market integrity, investor protection, and compliance with federal securities laws.
Q: How does this affect the price of XRP?
A: While no immediate price impact can be guaranteed, ETF filings often generate positive sentiment and increased trading volume. Historical patterns show similar effects when Bitcoin and Ethereum ETFs were first proposed.
Q: Who else is applying for an XRP ETF?
A: Besides Wisdom Tree, firms like 21Shares and Bitwise Asset Management have also submitted registration statements for XRP-based investment products, indicating broad institutional interest.
Q: Can I invest in an XRP ETF today?
A: Not yet. These are preliminary filings. No XRP ETF has been approved by the SEC as of now. Investors should monitor official announcements and avoid unregulated platforms claiming otherwise.
Q: Why is Delaware important in this process?
A: Many financial entities incorporate in Delaware due to its well-established corporate law framework. Registering there is standard practice but does not imply regulatory endorsement.
The Road Ahead
The combined actions of Wisdom Tree, 21Shares, and Bitwise represent a coordinated push toward legitimizing XRP within traditional finance. If successful, an approved XRP ETF could unlock billions in new capital flows and significantly expand its user base.
For investors, staying informed about regulatory developments and understanding the nuances between different crypto investment vehicles will be essential. As the line between digital assets and conventional finance continues to blur, products like the proposed XRP ETF may become standard offerings in diversified portfolios.
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