In surprising XRP news today, asset manager WisdomTree has decided to withdraw its XRP ETF application with the U.S. SEC. This comes despite continued inflows into listed XRP exchange-traded funds (ETFs), with total inflows reaching over $1.25 billion in a few weeks.
WisdomTree Exits XRP ETF Race Amid
WisdomTree Digital Commodity Services, sponsor of the WisdomTree XRP Fund trust, has requested to withdraw its registration statement on Form S-1, according to an RW filing with the U.S. SEC dated January 6.
“Pursuant to Rule 477 of Regulation C under the Securities Act of 1933, as amended (the “Securities Act”), WisdomTree XRP Fund hereby requests that the Securities and Exchange Commission consent to the withdrawal of the Trust’s Registration Statement on Form S-1,” as per the filing.
WisdomTree has decided to withdraw its registration, stating “it has determined not to proceed at this time.” WisdomTree XRP ETF also requested the withdrawal of all exhibits and amendments since the original filing on December 2, 2024.
WisdomTree Withdraws XRP ETFThe filings aimed at the investment objective of offering investors exposure to Ripple’s native coin XRP. However, no shares were sold under the registration.
This withdrawal happens as the broader crypto ETF market grows more competitive, with many issuers competing in altcoin products. Despite this, WisdomTree has decided to withdraw from the race.
Strong XRP Exchange Traded Funds Inflows
XRP ETFs started 2026 with strong interest from institutional and retail investors, bringing in significant capital in the first days of the year. U.S.-based spot XRP ETFs have recorded over $1.25 billion in total inflows, according to SoSoValue data.
On Tuesday, spot XRP ETFs saw $19.12 million in net inflows, extending the inflow streak amid recent higher trading volumes. Franklin’s XRPZ led with $7.35 million in inflows, followed by $6.49 million and $3.54 million in inflows to Canary’s XRPC and Bitwise’s XRP, respectively.
XRP ETF Inflows. Source: SoSoValueStrong inflows have pushed total net assets toward $1.62 billion. This sustained surge highlights XRP coin’s relative strength amid institutional demand, boosting sentiment for further upside.
Source: https://coingape.com/wisdomtree-withdraws-its-xrp-etf-filing-despite-strong-inflows/
