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Заголовок Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC
Дата 20241203

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Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC

Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC

by Ronaldo Marquez

1 hour ago

in XRP

0

Global exchange-traded fund (ETF) issuer and asset manager WisdomTree has
officially submitted an S-1 application for a spot XRP ETF to the US
Securities and Exchange Commission (SEC), becoming the fourth asset manager in
the US to seek approval of the index fund.

Growing Interest In XRP ETF

The proposed fund, named the WisdomTree XRP Fund, aims to provide investors
with exposure to XRP s price movements through shares listed on the Cboe
BZX Exchange. The fund plans to utilize a cash-create method for share
creation and redemption, with the possibility of adopting an in-kind model
pending further approvals.

Related Reading: Shiba Inu Power Play: Major Strength Signals Emerge For SHIB,
Is A Rally Imminent?

Coinbase Global affiliates will serve as the prime execution agent and
custodian for XRP, having previously collaborated with WisdomTree on its
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ETF that launched in January of this year. In its filing , WisdomTree
noted the importance of Coinbase in the US spot XRP ETF ecosystem, stating:

Coinbase serves as the XRP custodian and prime execution agent for several
competing exchange-traded XRP products and, as such, plays a critical role in
supporting the US spot XRP exchange-traded product ecosystem.

Other firms such as Bitwise, Canary Capital, and 21Shares have also filed for
spot XRP ETFs. Bitwise was the first to file in October, followed by Canary
Capital on October 9 and 21Shares with its Core XRP Trust on November 1.

XRP Nears All-Time High

The XRP ETF filing comes on the heels of a significant price surge for the
token, which has recorded a 41% increase in just 24 hours and a major 430%
rise over the past month, boosting its market capitalization to approximately
$153 billion.

Currently trading at $2.71, XRP has experienced a substantial 321% increase in
trading volume, indicating strong investor interest. The token is now only 23%
below its all-time high of $3.40, reached during the 2018 cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта boom.

This upward momentum has been partly attributed to recent political
developments, particularly the election victory of President• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США

• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США

• Политика » Политика США » Политики США » Президент США

• Государство » Государственное устройство США » Президент США
-elect Donald
Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд
, who has pledged to implement significant changes in cryptocurrency
regulation• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
.

Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s promises have been bolstered by the resignation announcement of SEC
Chair Gary Gensler, whose last day in office will coincide with Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s
inauguration on January 20.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Demand Still Absorbing Sales – However Risk Of
Growing Supply Remains High

The SEC has been a focal point of controversy for XRP over the past three
years, following a lawsuit claiming that Ripple Labs, the company behind XRP,
violated securities laws by treating its tokens as unregistered securities.

However, with shifts in leadership at the SEC and the Commodity Futures
Trading Commission (CFTC), there is a growing sense of optimism regarding the
potential conclusion of Ripple s lengthy legal battle with the SEC. The
daily chart shows XRP s price trending upwards. Source: XRPUSDT on
TradingView.com

Featured image from DALL-E, chart from TradingView.com

============= Итог: 2,6650 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin 2,8563 ; Политика#Политика США#Политики США#Президент США#Трамп, Дональд 2,9188 ; Соединённые Штаты Америки (США)#Политика США#Политики США#Президент США #Трамп, Дональд

============= Объекты: персоналии Трамп, Дональд Избранный президент США Президент США (2017/01/20-2021/01/20) соц_роль Президент США


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