Yigit Taha OZTURK 
US-based asset management firm WisdomTree has officially filed with the SEC to launch a spot XRP ETF. This filing follows its previous registration in the state of Delaware and aligns the company with other major firms such as Bitwise, 21Shares, and Canary Capital, which have also sought to launch XRP-focused ETFs.
Critical Timing of the Filing
The timing of this filing is crucial, as it comes at a pivotal moment for XRP. In July 2023, Ripple achieved a partial victory in its long-running lawsuit against the SEC, with the court ruling that XRP is not a security. However, the SEC filed an appeal in October 2024, introducing uncertainty into the market.
The filing by WisdomTree, combined with the potential for regulatory changes under the Trump administration, presents an optimistic outlook for XRP. Analysts predict that the new administration may bring significant changes to crypto regulations, potentially accelerating XRP ETF approvals.
XRP Price Surge
Following the announcement, XRP saw a noticeable price increase. The cryptocurrency rose 3.68% in the last 24 hours and has jumped 182% over the past month. This surge reflects growing investor confidence in XRP and rising expectations for the approval of spot ETFs in the market.
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