WisdomTree filed with the US Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF) today (Monday). This makes WisdomTree the fourth company in the US to submit a Form S-1 for a spot XRP ETF.

The new fund, called the WisdomTree XRP Fund, aims to give investors exposure to XRP's price through shares listed on the Cboe BZX Exchange.

WisdomTree Partners with Coinbase

The ETF will utilize the cash-create method for share creation and redemption, with the in-kind model possible after additional approvals. Coinbase Global affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers compensate affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition The bro Read this Term will serve as the fund’s prime execution agent and XRP custodian.

🚨 BREAKING:

WISDOMTREE OFFICIALLY FILES S-1 FOR ITS SPOT #XRP ETF! 📈 pic.twitter.com/i1c6qKd03d

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) December 2, 2024

WisdomTree previously worked with Coinbase for its WisdomTree Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Fund, which began trading in January alongside other spot Bitcoin ETFs.

“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,” WisdomTree’s filing mentioned.

Finance Magnates previously reported that WisdomTree filed for an XRP ETF in Delaware on November 25. The filing occurred as XRP’s price surged to its highest levels since 2021.

Although state-level filings are generally preliminary, this step reflected WisdomTree’s intention to deepen its involvement in crypto markets amid regulatory challenges faced by Ripple with the SEC.

Spot XRP ETF Filings

Other companies, including Bitwise, Canary Capital, and 21Shares, have also filed for spot XRP ETFs. Bitwise was the first to file, submitting its Form S-1 for the Bitwise XRP ETF in October. Canary Capital followed on October 9, and 21Shares filed for its Core XRP Trust on November 1.

Unlike the spot XRP ETFs, the Core XRP Trust does not provide direct exposure to XRP but allows indirect market access.