WisdomTree Withdraws XRP ETF Filing Despite Strong Market Inflows

TheNewsCryptoPublished on 2026-01-07Last updated on 2026-01-07

Abstract

WisdomTree has withdrawn its application for an XRP ETF with the U.S. SEC, despite strong market interest and $1.25 billion in cumulative inflows for U.S.-listed spot XRP ETFs. The withdrawal, filed on January 6, halts the proposed fund that planned to use a cash-create model with Coinbase as custodian. This decision reflects a cautious approach amid a crowded altcoin ETF market. Concurrently, existing XRP ETFs saw significant inflows of $19.12 million on the day of the withdrawal, contributing to a total net asset value of $1.62 billion. XRP token price has surged 21% in a week, trading at $2.27.

While interest in XRP ETFs remains strong, WisdomTree has taken a contrasting decision to withdraw its XRP ETF filing with the U.S. SEC (Securities and Exchange Commission). At the same time, U.S.-listed Spot XRP Exchange-Traded funds (ETFs) have recorded $1.25 billion as cumulative total net inflow.

WisdomTree XRP fund trust has formally applied for the withdrawal of its registration statement on Form S-1, including all documents and amendments, as per the RW filing on January 6th with the U.S. SEC.

As its filing application on December 2, 2024, stated that the ETF will use a cash-create approach for share creation and redemption. Coinbase affiliates will serve as the fund’s principal execution agent and XRP custodian. But the ETF never reached the stage of selling shares, as the registration was withdrawn before launch.

The change comes as the altcoin exchange-traded funds area becomes more crowded, with asset managers rushing to launch altcoin-based products. Despite significant investor interest in XRP-related ETFs and increased market competition, WisdomTree has decided to exit this area for the time being, reflecting a sense of caution in the face of changing regulatory and market dynamics.

XRP Exchange Funds Seeing Strong Inflows

As the U.S.-based Spot XRP ETF has started to trade in November 2025, since it started, it has never posted any significant outflows. It is growing strongly among the ETF market, though BTC, ETH Exchange Traded Funds saw massive outflows, XRP ETFs stood strong enough.

While this withdrawal was filed on Tuesday, the same day XRP ETF saw $19.12 million inflows, among the top inflows, the Franklin XRP ETF(XRPZ) alone posted $7.35 million, followed by Canary XRP ETF (XRPC) with $6.49 million, which was followed by Bitwise (XRP) with $3.54 million and Grayscale(GXRP) with $1.75 million. While 21Shares XRP ETF(TOXR) alone saw no net movement of funds, as per SoSoValue data.

These significant inflows elevated total trading value to $58.85 million, while total net assets increased to $1.62 billion. The consistent institutional buying is also reflected in XRP’s price action, as the token has climbed by 21.75% in the last week and is currently trading at $2.27, showing a strong positive trend in the market.

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Related Questions

QWhy did WisdomTree withdraw its XRP ETF filing with the SEC?

AWisdomTree formally withdrew its XRP ETF filing, reflecting a sense of caution in the face of changing regulatory and market dynamics, despite strong investor interest and market inflows.

QWhat was the cumulative total net inflow for U.S.-listed Spot XRP ETFs?

AU.S.-listed Spot XRP Exchange-Traded funds (ETFs) recorded $1.25 billion as cumulative total net inflow.

QWhich XRP ETF had the highest single-day inflow according to the SoSoValue data mentioned?

AAccording to SoSoValue data, the Franklin XRP ETF (XRPZ) had the highest single-day inflow at $7.35 million.

QHow has the price of XRP performed recently according to the article?

AThe XRP token climbed by 21.75% in the last week and was trading at $2.27, showing a strong positive trend.

QWhat role was Coinbase set to play in WisdomTree's proposed XRP ETF?

ACoinbase affiliates were set to serve as the fund’s principal execution agent and XRP custodian for WisdomTree's proposed ETF, which used a cash-create approach.

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941 Total ViewsPublished 2024.04.01Updated 2024.12.03

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