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WisdomTree Files for XRP ETF After Ripple-Linked Coin Hits 3-Year High Price Decrypt 25 Nov 2024

WisdomTree Files for XRP ETF After Ripple-Linked Coin Hits 3-Year High Price 📈

XRP WisdomTree USA Delaware Ripple

Asset management firm WisdomTree has taken a significant step by filing for an XRP exchange-traded fund (ETF) in Delaware. This filing marks the initial phase in complying with U.S. regulatory requirements, shedding light on expanding investment opportunities regarding cryptocurrencies.

The move comes as XRP, a cryptocurrency associated with Ripple, reaches a three-year peak in its market value. This rise indicates growing interest and potential for further mainstream acceptance of digital assets like XRP.

WisdomTree's initiative is indicative of the broader trend of financial institutions venturing into cryptocurrency markets, attempting to leverage the volatile yet promising nature of digital currencies.

Source: decrypt.co ↗

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