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WisdomTree has officially filed to withdraw its spot XRP ETF S-1 registration statement with the U.S. Securities and Exchange Commission. It is reported that the company has decided to suspend the promotion of this product and emphasized that no fund shares have been sold through this registration statement to date. This move reflects the uncertainty faced by cryptocurrency spot ETF products in the regulatory environment and also indicates a shift in institutional investors' strategies regarding XRP-related derivatives. How the market will respond to this remains to be seen and warrants ongoing observation.
WisdomTree's recent move is indeed a bit awkward, applying and then withdrawing, it feels like losing before the game even begins
Regulation is really the biggest secret in this circle, XRP took a hit this time
Institutions are also starting to back off, it seems short-term don't expect a spot XRP ETF
So the question is, when will it finally pass? Or is there some hidden trick in the XRP matter itself?
It feels like the entire XRP ecosystem is getting a bit exhausted by regulation