WisdomTree Removes XRP ETF Filing Amid Strong Inflows

WisdomTree appeals to the SEC to withdraw its XRP ETF application, claiming strong competition.

In stunning XRP news today, asset management firm WisdomTree has chosen to withdraw its XRP ETF application with the US Securities and Exchange Commission. This is despite continuous inflows into listed XRP exchange-traded funds (ETFs), which have totaled more than $1.25 billion in recent weeks.

WisdomTree Exits the XRP ETF Race Amid Competition

WisdomTree Digital Commodity Services, the sponsor of the WisdomTree XRP Fund trust, has requested that its registration statement on Form S-1 be withdrawn, according to an RW filing with the US Securities and Exchange Commission on January 6.

“Pursuant to Rule 477 of Regulation C under the Securities Act of 1933, as amended (the” Federal Securities Act “), WisdomTree XRP Fund hereby requests that the Securities and Exchange Commission consent to the withdrawal of the Trust's Registration Statement on Form S-1,” according to its filing.

WisdomTree has withdrawn its registration, noting that “it has determined not to proceed at this time.” WisdomTree XRP ETF also requested the withdrawal of all exhibits and changes filed since the original filing on December 2, 2024.

The registrations aimed to provide investors with exposure to Ripple's native coin, XRP. However, no shares were sold through the registration.

This withdrawal occurs as the broader crypto ETF market becomes more competitive, with numerous issuers competing for altcoin products. Despite this, WisdomTree has chosen to withdraw from the race.

Strong XRP Exchange Traded Fund Inflows

XRP ETFs began 2026 with great interest from institutional and retail investors, attracting substantial capital in the first days of the year. According to SoSoValue data, spot XRP ETFs based in the United States have received inflows totaling more than $1.25 billion.

On Tuesday, spot XRP ETFs received $19.12 million in net inflows, extending an inflow streak fueled by recent higher trading volumes. Franklin's XRPZ had the most inflows ($7.35 million), followed by Canary's XRPC and Bitwise's XRP ($6.49 million and $3.54 million, respectively).

Strong inflows have driven total net assets to $1.62 billion. This prolonged climb underscores the XRP coin's relative strength amid institutional demand, fuelling expectations for additional gains.