Alternate-traded fund (ETF) issuer WisdomTree has formally withdrawn its XRP software.
WisdomTree initially filed an S-1 registration assertion with the U.S. Securities and Alternate Fee (SEC) again in December.
Market saturation
The issuer’s resolution to drag the plug on its XRP ETF has puzzled the group, with a lot of its members even alleging that the submitting is faux (regardless that it’s undoubtedly actual).
Despite the fact that the issuer has not specified the precise cause behind the withdrawal, it possible determined to nip this product within the bud because of being too late to the get together.
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It’s value noting that rivals like Bitwise, Canary Capital, and 21Shares launched merchandise which have already captured vital market share.
The primary batch of XRP ETFs has already attracted roughly $1.37 billion in cumulative inflows as of early January 2026.
WindomTree was profitable with its Bitcoin and Ethereum merchandise, its XRP bid grew to become a casualty of timing in a “winner-takes-most” market.
Therefore, the withdrawal may be seen as a concession to market saturation.