The asset management company WisdomTree Funds filed an application for an XRP ETF in Delaware on November 25. This places WisdomTree alongside companies like Bitwise and 21Shares, which are also hoping for approval from the U.S. Securities and Exchange Commission (SEC). The application comes despite ongoing legal uncertainty, as Ripple, the company behind XRP, is still in a legal dispute with the SEC.

In July 2023, Ripple achieved a partial victory when a court ruled that XRP is not a security. However, an SEC appeal in October 2024 delays the final resolution until at least January 2025. Despite these hurdles, WisdomTree's move signals optimism regarding the future of XRP.

Trump Administration: A Turning Point for Crypto?

WisdomTree's application comes at a time of significant political change. Following Donald Trump's electoral victory in 2024, analysts expect a more crypto-friendly policy. Trump has announced plans to make the U.S. the leading crypto nation.

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Under his administration, it could mean:

Strict regulations could be relaxed to foster innovations.

SEC Chairman Gary Gensler could be replaced by a crypto-friendly leader.

Proceedings against Ripple and other crypto companies could be dropped.

Such measures could not only strengthen XRP but also pave the way for XRP ETFs.

XRP ETFs: Opportunities for the crypto market

The introduction of XRP ETFs holds enormous potential:

Institutional investors could enter the market more heavily.

XRP would be more widely accepted.

Ripple and XRPL technology could gain in importance.

Additionally, Ripple plans to launch a tokenized fund on XRPL with Archax, aimed at revolutionizing the DeFi market.

A signal for the market

The SEC's decision on the XRP ETF could be an indicator for the entire crypto industry. A green light would not only boost XRP but also invigorate the entire market and strengthen confidence in cryptocurrencies.

Despite legal hurdles, WisdomTree sends a clear signal: The crypto market is ready for innovations.