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WisdomTree officially files S-1 for spot XRP ETF

Spot Bitcoin ETF provider WisdomTree became the fourth firm in the US to submit a Form S-1 filing with the SEC for a spot XRP ETF.

WisdomTree, one of the first companies to issue a spot Bitcoin exchange-traded fund (ETF) in the United States in January, has filed to launch a spot ETF backed by XRP.

On Dec. 2, WisdomTree became the fourth company in the US to submit a Form S-1 filing for a spot XRP (XRP) ETF with the US Securities and Exchange Commission.

XRP ETF observation from Bloomberg ETF analyst Eric Balchunas. Source: Eric Balchunas/Eleanor Terret

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WisdomTree files for XRP ETF in Delaware

This state-level filing is seen as a preliminary step toward SEC approval.

WisdomTree Funds, a New York-based assets management firm, registered in the state of Delaware for an XRP (XRP) exchange-traded fund (ETF) on Nov. 25, signaling its broader intent to file with the United States Securities and Exchange Commission.

The company joins Bitwise, Canary Capital and 21Shares as an early XRP (XRP) ETF applicant in the US. At the time of this article’s publication, however, no such applications have been approved by the SEC. 

A screenshot of WisdomTree’s filing with the state of Delaware. Source: Eleanor Terrett

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Wisdomtree Introduces ‘Earn-Until-You-Spend’ Feature in Onchain Personal Finance App

Wisdomtree Introduces ‘Earn-Until-You-Spend’ Feature in Onchain Personal Finance AppWisdomtree, Inc. (NYSE: WT) has announced the launch of a new yield-bearing feature in its onchain personal finance app, Wisdomtree Prime, allowing users to take advantage of the “Earn-Until-You-Spend” capability. This feature enables users to utilize their investments in the Wisdomtree Government Money Market Digital Fund as a funding source for their spending, effectively linking […]

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WisdomTree aims to bring self-custody to regulated RWAs

The WisdomTree Connect platform aims to let users access WisdomTree’s RWA tokens with any wallet, from any blockchain network. 

WisdomTree has launched a tokenized real-world assets (RWA) platform designed to eventually let users access the asset manager’s regulated fund tokens from any type of wallet or blockchain network, according to a Sept. 18 announcement.

The platform, dubbed WisdomTree Connect, will initially custody users’ tokenized investment funds with third-party custodians while sending a “digital record” of ownership to the user’s personal wallet, WisdomTree said.

Eventually, WisdomTree aims to expand access to its RWAs “to other customer-facing platforms and apps… and retail users with self-hosted wallets,” it said. 

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WisdomTree withdraws its Ethereum Trust S-1 registration filing

WisdomTree has requested to withdraw its Ethereum Trust registration filing with the SEC while asking to apply the fees as a credit for "future use."

Asset manager WisdomTree has requested to withdraw its Ethereum Trust S-1 filing with the United States regulator, more than three years after initially submitting it.

“The Registration Statement was originally filed on May 27, 2021. The Company confirms that no securities have been or will be issued or sold pursuant to the Registration Statement,” the firm declared in a filing with the United States Securities and Exchange Commission (SEC) on Sept. 6.

WisdomTree acknowledged that it wouldn’t receive a refund for fees paid to the SEC for submitting its registration statement but requested that the amount be credited “for future use.”

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Wall Street Giant Goldman Sachs Discloses Over $418,000,000 in Spot Bitcoin ETF Holdings in New Filing

Wall Street Giant Goldman Sachs Discloses Over 8,000,000 in Spot Bitcoin ETF Holdings in New Filing

New filings reveal that financial services titan Goldman Sachs is holding hundreds of millions of dollars worth of spot market Bitcoin (BTC) exchange-traded fund (ETF) holdings. According to new Form 13F filings submitted to the U.S. Securities and Exchange Commission (SEC), banking giant Goldman Sachs holds $418 million worth of BTC ETF shares. Other blue-chip […]

The post Wall Street Giant Goldman Sachs Discloses Over $418,000,000 in Spot Bitcoin ETF Holdings in New Filing appeared first on The Daily Hodl.

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Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

Wharton Professor Calls for Emergency Rate Cut Following Market DownturnJeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing […]

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Spot Bitcoin ETFs see highest flow day in over 5 weeks

The $310 million in inflows were led by the BlackRock and Fidelity Bitcoin ETFs, while Grayscale recorded a rare inflow day at $23 million.

United States-based spot Bitcoin exchange-traded funds recorded over $310 million in inflows on July 12 — marking its best-performing day since June 5.

BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) saw most of the flows at $120 million and $115.1 million, respectively, Farside Investors data shows.

The Bitwise Bitcoin ETF came in third at $28.4 million, while the Grayscale Bitcoin Trust (GBTC) recorded another rare inflow day at $23 million.

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Citi Completes Private Market Tokenization Test Using Avalanche

Citi Completes Private Market Tokenization Test Using AvalancheCiti, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain. The test used Spruce, an Avalanche subnet, to tokenize the fund and transact the tokenized assets, which were programmed to “automate operations, settle faster, and enable new […]

QCP Insights: Bitcoin Not Likely to Break Above $110,000 Without Strategic Bitcoin Reserve