From Startup Fortune · · 1m 10s
WisdomTree's XRP ETF Deadline Approaches
WisdomTree's $113 billion fund faces SEC's last XRP ETF ruling by October 24.
In brief
WisdomTree's $113 billion fund faces SEC's last XRP ETF ruling by October 24. WisdomTree's $113 billion fund must get SEC approval for XRP ETF by October 24 to validate XRP's credibility in mainstream finance. Originally reported by Startup Fortune.
WisdomTree's XRP ETF Deadline
The SEC must rule on WisdomTree's spot XRP trust by October 24.
WisdomTree's Asset Size
WisdomTree manages roughly $113 billion in assets, per September figures.
Other XRP ETF Deadlines
Bitwise's deadline fell on October 22, Canary Capital on October 23, and Grayscale's on October 18.
XRP ETF Activity
XRP ETFs pulled $70 million in inflows while Bitcoin funds lost $443 million last week.
XRP Market Performance
XRP traded $1.30 to $1.32 on October 22 and 23, down from October highs.
Ripple SEC Lawsuit Resolution
Ripple's SEC lawsuit ended after CEO Brad Garlinghouse dropped the cross-appeal.
WisdomTree's Approval Status
The SEC has delayed WisdomTree's timeline once, citing a need for 'a longer period' before ruling.
XRP ETF Inflow Trends
Franklin Templeton's XRPZ pulled $28.6 million in inflows, leading XRP ETFs this week.
The main idea
WisdomTree's $113 billion fund must get SEC approval for XRP ETF by October 24 to validate XRP's credibility in mainstream finance.
