WisdomTree, a prominent New York-based asset management firm overseeing $113 billion in assets, has filed for an XRP exchange-traded fund (ETF) with Delaware authorities.

Asset manager WisdomTree overseeing $113 billion in assets, has filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: If successful,

Ripple, the blockchain giant, is backing Bitwise Asset Management’s revamped Physical XRP ETP, now trading under the ticker GXRP. The rebranding is part of Bitwise’s overhaul of its European product line following its August acquisition of the ETC Group.

WisdomTree Funds has filed to establish a Delaware statutory trust entity for its proposed XRP ETF which may be coming soon.

WisdomTree, managing $100B, files for a Delaware trust for its proposed WisdomTree XRP ETF, targeting regulatory review by SEC.

WisdomTree has joined the list of companies taking the first step toward hopefully issuing an $XRP ETF, causing the token's price to climb and raising hopes for the altcoin's future growth.

WisdomTree, the New York-based asset manager handling over $113 billion in assets, has filed an application to establish an XRP exchange-traded fund (ETF) in Delaware, United States. The proposed fund,

Ripple's XRP surged over 7% after WisdomTree registered for XRP ETF in the US, per Eleanor Terret. The company recently launched a low-cost XRP ETP in Europe. XRP could rally toward its April 2021 resistance of $1.