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Asset manager WisdomTree has filed for a trust entity in Delaware, a preliminary step toward launching an exchange-traded fund (ETF) focused on XRP.
If approved, the ETF would track XRP’s price, expanding institutional investors’ access to digital assets. The filing aligns with a broader trend of crypto-focused ETFs reshaping investment opportunities.
XRP reacted positively to the news and was up almost 7% over the past 24 hours to $1.47 as of press time. It has been one of the best-performing assets in the top 10 cryptocurrencies by market cap for the day, retaining almost all of its recent gains despite a wider market dip.