WisdomTree, a prominent New York-based asset management firm overseeing $113 billion in assets, has filed for an XRP exchange-traded fund (ETF) with Delaware authorities.

The XRP price is on a moonshot, and its investors are having a field day after Ripple jumped 250% from last month’s high. While this move came unexpectedly, it has sent the entire crypto community into a buying frenzy.

Asset manager WisdomTree overseeing $113 billion in assets, has filed to establish a trust entity in Delaware as a preliminary step toward launching an XRP (CRYPTO: XRP) exchange-traded fund (ETF). What Happened: If successful,

WisdomTree Funds has filed to establish a Delaware statutory trust entity for its proposed XRP ETF which may be coming soon.

WisdomTree, managing $100B, files for a Delaware trust for its proposed WisdomTree XRP ETF, targeting regulatory review by SEC.

WisdomTree has joined the list of companies taking the first step toward hopefully issuing an $XRP ETF, causing the token's price to climb and raising hopes for the altcoin's future growth.

WisdomTree, the New York-based asset manager handling over $113 billion in assets, has filed an application to establish an XRP exchange-traded fund (ETF) in Delaware, United States. The proposed fund,

Ripple's XRP surged over 7% after WisdomTree registered for XRP ETF in the US, per Eleanor Terret. The company recently launched a low-cost XRP ETP in Europe. XRP could rally toward its April 2021 resistance of $1.