$100,000,000,000 Asset Manager Wisdom Tree Files for XRP ETF: Report
Prominent asset manager and exchange-traded fund issuer Wisdom Tree is reportedly filing for an XRP ETF product. According to Eleanor Terret of Fox News, $100 billion asset manager Wisdom Tree has registered for an XRP ETF in the state of Delaware. “NEW: Global ETF provider WisdomTreeFunds has registered in the state of Delaware for an XRP ETF. I have confirmed with the company this is a legitimate filing. Wisdom Tree has over $100 billion in assets under management.” Source: Eleanor Terret/X Earlier this month, asset manager 21Shares also filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC). The proposed product, called “the 21Shares Core XRP Trust,” aims to be a passive investment vehicle that tracks the price of the payments-focused crypto asset. 21Shares and Wisdom Tree aren’t the first firms to try and get XRP products off the ground. Bitwise Asset Management, the largest digital asset index fund mana...