WisdomTree Joins XRP ETF Race as Regulatory Shifts Loom
WisdomTree has entered the competition for an XRP-based ETF, joining firms like Bitwise, 21Shares, and Canary Capital, all of which have filed similar proposals.
Additionally, there are two pending applications for mixed crypto ETFs that offer limited exposure to XRP, tied to other cryptocurrencies.
ETF expert Nate Geraci forecasts a surge in cryptocurrency-related ETF filings, including for tokens like XRP and ADA. XRP’s market momentum is evident, with its open interest recently reaching a new high amid increasing interest in these ETF products.
READ MORE: Binance Launches BFUSD: A High-Yield Margin Asset for Futures Trading
In the past 24 hours, XRP has dropped by almost 6%. Popular trader DonAlt has also signaled his interest in buying the dip on XRP.
The potential approval of these products may be more likely with the upcoming departure of SEC Chair Gary Gensler, which could lead to shifts in regulatory approaches. Geraci notes that ETF issuers may test the boundaries under new leadership, despite potential risks from an aggressive altcoin ETF strategy.
Former SEC Commissioner Paul Atkins is emerging as a leading candidate to succeed Gensler.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
