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WisdomTree files for XRP ETF when Ripple-linked coin hits 3-year high

WisdomTree advances towards XRP ETF: Asset management company WisdomTree has filed for an XRP ETF in Delaware. This is a significant step as the market shows growing interest in digital currency development. The process includes requiring approval from the U.S. Securities and Exchange Commission.

XRP price surges: The price of XRP reached a three-year high, hitting 1.60 USD. This marks a notable recovery for the digital currency, creating optimism among investors. Although down from its peak of 3.40 USD, the recovery is still impressive.

Possibility of SEC approving ETF: Companies like WisdomTree and 21Shares are awaiting decisions from the SEC on approving the XRP ETF. If approved, the fund will allow trading of shares related to XRP, opening up significant investment opportunities for Americans.

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