WisdomTree filed a registration statement in Delaware on November 25, moving closer to launching an XRP ETF. 📝

- This is the first step in seeking approval from the U.S. Securities and Exchange Commission (SEC). WisdomTree needs to file an S-1 to begin the formal review process.

- The company joins Bitwise, Canary Capital, and 21Shares in the race to launch an XRP ETF in the U.S. WisdomTree has experience with ETFs based on cryptocurrencies like Bitcoin and Ethereum.

- However, regulatory challenges remain. Analyst James Seyffart warns that altcoin ETFs like XRP could face hurdles due to a lack of regulatory clarity. ⏳

- Changes in SEC leadership could impact the pace of future approvals.