WisdomTree Withdraws Application To Launch XRP ETF In The United States

TLDR

Table of Contents

WisdomTree filed to withdraw its US XRP ETF application with the SEC.
The firm already offers XRPW, a physical XRP product in Europe.
XRP ETFs in the US have drawn $1.2 billion in inflows since launch.
CoinShares also recently pulled its XRP, Solana, and Litecoin ETF filings.

WisdomTree has officially withdrawn its application to launch a United States-based exchange-traded fund (ETF) tied to XRP. The New York-based asset manager filed the request with the Securities and Exchange Commission (SEC) earlier this week.

🚨News: WisdomTree has withdrawn its $XRP ETF filing with the US SEC. pic.twitter.com/G1V5K8rP9N
— Crypto Coin Show (@CryptoCoinShow) January 8, 2026

The move follows similar actions by other asset managers, indicating a cautious approach in the current US digital asset ETF landscape. While interest in crypto ETFs remains, companies may be narrowing their focus to stronger, existing offerings.

SEC Filing Marks End of US XRP ETF Push

The withdrawal was made via a formal filing with the SEC, effectively ending WisdomTree’s effort to list the “WisdomTree XRP Fund.” The proposed fund would have tracked the performance of XRP, the fourth-largest digital asset by market capitalization.

WisdomTree first entered the US XRP ETF race in late 2024. Although its plans for a US launch have now ended, the firm continues to offer a physical XRP product in Europe, known as “WisdomTree Physical XRP” (XRPW). That product is currently listed on key European exchanges, including Deutsche Börse Xetra, Euronext, and the Swiss Exchange.

Broader Trend of Withdrawals Among Crypto ETF Issuers

WisdomTree’s decision comes shortly after CoinShares, another major digital asset investment firm, also withdrew several US ETF proposals. CoinShares had filed for products tied to multiple digital assets, including XRP, Solana, and Litecoin.

While Bitcoin and Ether have gained wider ETF adoption in the US, products tied to other digital assets are progressing more slowly. Inflows into XRP ETFs remain steady but small when compared to Bitcoin ETFs, which dominate institutional and retail demand.

According to SoSoValue data, US-listed XRP ETFs have attracted $1.2 billion in inflows since their launch. These funds now manage nearly $1.5 billion in net assets. Canary Capital currently leads in XRP ETF assets under management, followed closely by Bitwise, Franklin Templeton, and Grayscale.

Focus Shifts to Existing Products Amid Lower Risk Appetite

Industry observers point to a more cautious environment for digital asset ETF sponsors in the US. The current risk appetite among both issuers and investors remains low, and firms may prefer to strengthen their existing offerings rather than launch new ones.

“Market conditions are such that firms may find greater value in reinforcing established products,” said a person familiar with the matter, who declined to be named due to regulatory sensitivities.

Despite these headwinds, some large asset managers are continuing to move forward with crypto ETF proposals. Morgan Stanley recently submitted filings for ETFs linked to Bitcoin, Ether, and Solana. The firm currently manages approximately $1.8 trillion in assets.

US Digital Asset ETF Market Sees Early Consolidation

Though the XRP ETF space in the US is still relatively small, it is already seeing signs of early consolidation. With fewer new entrants, existing issuers may benefit from reduced competition and more stable inflows.

The recent withdrawals by WisdomTree and CoinShares suggest a pause in the expansion of altcoin-focused ETFs in the US. While the appetite for digital assets remains, the current preference appears to be for larger, more liquid tokens with stronger institutional demand.