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Growing Interest In XRP ETF
The proposed fund, named the WisdomTree XRP Fund, aims to provide investors with exposure to XRP’s price movements through shares listed on the Cboe BZX Exchange. The fund plans to utilize a cash-create method for share creation and redemption, with the possibility of adopting an in-kind model pending further approvals.
Coinbase Global affiliates will serve as the prime execution agent and custodian for XRP, having previously collaborated with WisdomTree on its Bitcoin ETF that launched in January of this year. In its filing, WisdomTree noted the importance of Coinbase in the US spot XRP ETF ecosystem, stating:
Other firms such as Bitwise, Canary Capital, and 21Shares have also filed for spot XRP ETFs. Bitwise was the first to file in October, followed by Canary Capital on October 9 and 21Shares with its Core XRP Trust on November 1.
