WisdomTree Withdraws Application for Spot XRP ETF, Bucking Market Trend
The move comes despite a 34-day streak of positive inflows for rival XRP funds, which have attracted over $1.25 billion.
Asset manager WisdomTree has formally withdrawn its proposal to launch an exchange-traded fund (ETF) based on the cryptocurrency XRP, according to a filing with the U.S. Securities and Exchange Commission (SEC).
The company, which first initiated plans for the financial product in December 2024, requested that the trust’s registration be stopped and all related exhibits and amendments be removed. In the document, WisdomTree stated it has opted not to proceed with the instrument in the current context.
WisdomTree’s decision marks a strategic reversal, distancing the firm from a competitive market where rivals are vying for investor liquidity. Firms including Grayscale, Canary Capital, Franklin Templeton, and Bitwise currently operate similar spot XRP ETFs.
The withdrawal is particularly notable given the strong performance of these funds since their debut in November 2025. The market for XRP ETFs has seen a 34-day streak of positive inflows, consolidating their presence on stock exchanges.
XRP ETFs have recorded only one day with zero net flows. Source: SosoValue.
These funds have attracted over $1.25 billion in capital, pushing total net assets to nearly $1.62 billion and signaling sustained institutional interest in the asset class despite WisdomTree’s exit.
