Oh, the crypto rollercoaster just took a nosedive, darling! 🌪️ In a move that’s left everyone clutching their pearls (and their XRP), global asset management darling WisdomTree has dramatically yanked its Exchange-Traded Fund (ETF) application. And just when XRP was starting to feel like the belle of the crypto ball again! 💃✨ The result? A price plunge that’s got investors screaming, “WHAT JUST HAPPENED?!” 😭
WisdomTree Says “Bye, Felicia” to XRP ETF – And the Crypto World Goes 😵
So, here’s the tea: WisdomTree, after filing for an XRP ETF just over a month ago (in December 2024, yes, we’re still processing that), has now asked the SEC to hit the eject button. 🚀💥 The filing? Rule 477 of Regulation C under the Securities Act of 1933. Fancy, right? But what it means is: no shares were sold, and the whole shebang is officially kaput before it even got to the market. Talk about a plot twist! 🍿
This news hit XRP like a ton of bricks, wiping out gains faster than a Black Friday sale. And WisdomTree? They’ve basically ghosted XRP after months of flirting with regulators and exchanges. Ouch. 💔
Initially, the plan was for WisdomTree’s XRP ETF to be the next big thing, listed on Cboe BZX, just like their Bitcoin ETF. But apparently, even crypto’s golden child can’t save the day every time. 🌟
Here’s the kicker: launching crypto investment vehicles is harder than finding a decent date on a Friday night. Even for WisdomTree, who’s basically the prom queen of crypto ETFs. 👑 But with competitors like Grayscale, Canary Capital, and Bitwise hogging the spotlight, maybe WisdomTree decided it wasn’t worth the drama. 💅
By stepping back, WisdomTree’s not just avoiding the crypto traffic jam – they’re probably plotting their next big move. Because let’s face it, in crypto, you’re either innovating or evaporating. 🧪💨
XRP ETFs Hit the Skids – First Outflow Since Launch! 🚨
Post-WisdomTree’s exit, the XRP ETF market is looking more like a ghost town than a gold rush. Data from SoSovalue shows outflows across four out of five XRP ETFs, with a whopping $40.8 million exiting faster than a bad Tinder date on January 7. 😱
This is the first time XRP ETFs have seen red since their Q4 2025 launch, ending a 35-day winning streak. Canary Capital, Bitwise, Franklin Templeton, and 21Shares? All in the red. Grayscale? Barely clinging to a 0.13% gain. Talk about a crypto cliffhanger! 📉
Cumulative net inflows hit $1.25 billion on January 6, 2026, but now? Down to $1.2 billion. That’s a $5 billion market value drop, folks. Someone call the crypto ambulance! 🚑
So, what’s next for XRP? Will it bounce back or become the crypto version of a forgotten MySpace page? Only time will tell. But one thing’s for sure: the crypto world never stops serving drama. 🍿🚀
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2026-01-09 01:14