WisdomTree has initiated a state-level filing in Delaware for an XRP exchange-traded fund (ETF). This move is perceived as a preliminary step, setting the foundation for the company's pursuit of approval from the Securities and Exchange Commission (SEC).
The development highlights WisdomTree's strategic approach in expanding its product offerings in the cryptocurrency sector. An XRP ETF would potentially offer investors a more accessible channel to gain exposure to XRP, a leading digital asset.
