【Coin Circle】WisdomTree recently withdrew its registration application for an XRP spot ETF submitted to the U.S. Securities and Exchange Commission. The company stated this was due to “current” strategic considerations and decided to temporarily suspend the project.
Interestingly, despite WisdomTree’s exit, the heat in the XRP spot ETF market has not cooled down. XRP spot ETF products from leading institutions such as Grayscale, Franklin Templeton, Canary, and Bitwise have recently seen combined net inflows exceeding $1.25 billion. Franklin Templeton’s XRPZ has been the standout performer, with weekly inflows of $7.35 million; Canary’s XRPC followed closely behind, attracting $6.49 million; and Bitwise’s XRP fund also received $3.54 million.
However, from a price performance perspective, XRP’s market action has been somewhat underwhelming. Despite sustained ETF demand, XRP’s current price remains below the high point it set in 2025. This phenomenon is actually similar to the price movements seen after bitcoin and ethereum ETF products were launched—product approval doesn’t necessarily mean the coin price will skyrocket immediately.
WisdomTree backed down and actually made room for other major players. This move is a bit speechless...
Institutions are really going crazy accumulating chips, who can stop this XRP hype...
One exits and ten enter, what does that mean... funds are flowing to other ETF products
Franklin's 7.35 million in a week, this pace is pretty intense...
I notice this content is already in Chinese (Simplified Chinese). According to your instructions, I should return it exactly the same unchanged since it's already in the target language you're working with, or clarify the target language.
However, if you need this translated **to Japanese (ja-JP)**, here's the translation:
一個の撤退がより多くの流入をもたらす、WisdomTreeのこの操作は本当に面白いですね
大型機関がXRPを狂ったように積み重ねている、この風味は少し変です...
Franklin単週735万？これはどれほど楽観的でなければならないのか、我々は逆向きに考える必要があります
WisdomTreeが去ったのに加速した？私はほぼそれを信じた
XRP ETFは本当にこんなに魅力的ですか、大型機関が皆奪い合っている
逆向きインジケーターは私に注意するよう警告した、この人気は本当の火なのか、偽の火なのか
WisdomTreeはXRP ETFの申請を撤回しましたが、機関投資家の資金は現物商品に引き続き流入しています
【Coin Circle】WisdomTree recently withdrew its registration application for an XRP spot ETF submitted to the U.S. Securities and Exchange Commission. The company stated this was due to “current” strategic considerations and decided to temporarily suspend the project.
Interestingly, despite WisdomTree’s exit, the heat in the XRP spot ETF market has not cooled down. XRP spot ETF products from leading institutions such as Grayscale, Franklin Templeton, Canary, and Bitwise have recently seen combined net inflows exceeding $1.25 billion. Franklin Templeton’s XRPZ has been the standout performer, with weekly inflows of $7.35 million; Canary’s XRPC followed closely behind, attracting $6.49 million; and Bitwise’s XRP fund also received $3.54 million.
However, from a price performance perspective, XRP’s market action has been somewhat underwhelming. Despite sustained ETF demand, XRP’s current price remains below the high point it set in 2025. This phenomenon is actually similar to the price movements seen after bitcoin and ethereum ETF products were launched—product approval doesn’t necessarily mean the coin price will skyrocket immediately.