This state-level filing is seen as a preliminary step toward SEC approval.
WisdomTree Funds, a New York-based assets management firm, registered in the state of Delaware for an XRP exchange-traded fund (ETP) on Nov. 25, signaling its broader intent to file with the US Securities and Exchange Commission (SEC).
The company joins Bitwise, Canary Capital, and 21Shares as an early XRP ETF applicant in the US. At the time of this article’s publication, however, no such applications have been approved by the SEC.
A screenshot of WisdomTree’s filing with the state of Delaware. Source: Eleanor Terrett
