Ripple’s XRP Suffers Another Blow As WisdomTree Pulls ETF Application
WisdomTree has withdrawn its application for an XRP Exchange-Traded Fund (ETF), dealing a significant blow to Ripple's XRP. The withdrawal, filed with the SEC under Rule 477, comes just over a month after the application was submitted in December 2024. This decision triggered a sharp decline in XRP's price, erasing recent gains. The move is surprising given WisdomTree's success with its Spot Bitcoin ETF and highlights the challenges of launching new crypto investment products. Following the news, XRP ETFs experienced their first net outflows since launch, totaling approximately $40.8 million on January 7, 2026, reducing cumulative net inflows from $1.25 billion to $1.2 billion.
bitcoinist01/09 00:02