WisdomTree, which manages $100 billion, withdrew its XRP ETF application! Here’s why

Although the approval process for XRP ETFs, which were expected to be approved in October 2025, was delayed due to the US government shutdown, XRP ETFs were finally approved in early November.

While more XRP ETFs are expected to be approved, New York-based WisdomTree, which manages over $113 billion in assets, has officially withdrawn its application for a spot XRP ETF.

WisdomTree Digital Commodity Services withdrew its S-1 registration for a spot XRP ETF in a filing with the SEC on Tuesday, January 6. The company stated it had decided to temporarily suspend the XRP ETF product. It requested the SEC to withdraw the registration statement and all additional documents and changes.

The request submitted to the SEC also includes the removal of all additional documents and amendments related to the original application dated December 2, 2024.

“In accordance with Rule 477 of Regulation C of the Securities Act of 1933 (as amended), the WisdomTree XRP Fund requests the SEC to authorize the withdrawal of the Foundation’s Registration Statement in Form S-1, first submitted to the Commission on December 2, 2024, along with all its appendices and amendments (collectively, the “Registration Statement”).”

The Foundation requests the withdrawal of the Registration Statement as it has decided not to proceed with the public offering under the aforementioned Registration Statement. No shares have been sold pursuant to the Registration Statement mentioned above.

The WisdomTree XRP ETF was still under review and had not yet received approval.