WisdomTree submitted XRP ETF S-1 application documents to the SEC

According to ChainCatcher news, WisdomTree has submitted an application for the WisdomTree XRP Fund to the U.S. Securities and Exchange Commission (SEC) via an S-1 filing. This is an exchange-traded fund (ETF) that issues beneficial interest common stock and will be listed on the Cboe BZX Exchange, Inc. under the ticker symbol "TICKER".

The investment objective of the trust is to obtain exposure to the price of XRP, minus the expenses and liabilities of the trust. The Bank of New York Mellon ("BNYM") serves as the trustee, fund accountant, and transfer agent for the trust.