WisdomTree revises its position on XRP as an important asset, applying for an ETF

Currently, the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC) regarding accusations of unregistered securities sales amounting to $1.3 billion is developing positively.

The resignation of SEC Chairman Gary Gensler in January may contribute to the resolution of the dispute and reduce regulatory pressure on Ripple. This will allow the company to focus on developing its ecosystem.

Interest in XRP is fueled by numerous applications for the creation of exchange-traded funds (ETFs) focused on spot operations.

In addition to WisdomTree, companies such as 21Shares, Canary Capital, and Bitwise have also applied to create XRP-based ETFs. Analysts believe that if these applications are approved, ETFs could significantly strengthen XRP's position and recognition in the market.