Asset management company WisdomTree has decided to officially withdraw its application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on the virtual currency XRP.
The move, confirmed in a regulatory filing, brings to an end the company’s plan to introduce the financial product, which it launched in December 2024.
The company explicitly requested that The registration of the Trust has been suspended and all annexes and amendments originally presented have been removedargued that it has chosen not to proceed with this step in the current circumstances.
This decision by WisdomTree marks a change in direction from its original strategy and moves it away from a sector where other investment firms maintain strong competition for liquidity and user preferences.
Today, companies like Grayscale, Canary Capital, Franklin Templeton and Bitwise run similar ETFs in specific but niche markets that have shown significant growth in recent months. The withdrawal is surprising given the dynamism the XRP ETF has shown in the stock market..
According to a report by CriptoNoticias, since its debut in November 2025, the XRP ETF has managed to solidify its presence in the stock market with 34 consecutive days of positive flows.
These funds are Cumulative capital inflows totaling over $1.25 billionwith a total net worth of nearly $1.62 billion, reflecting continued interest from institutional investors despite WisdomTree’s exit.
(Tag translation) Altcoin
