CoinShares & WisdomTree Enter Launch Queue

XRP ETF Breakthrough: Two New Spot ETFs Enter Launch Queue

Signaling rising institutional confidence in XRP, on-chain data firm XRP Update confirms that CoinShares and WisdomTree have officially entered the spot XRP ETF launch queue, with S-1 filings submitted and now pending review by the U.S. Securities and Exchange Commission (SEC).

This milestone marks XRP’s evolution from a niche digital asset into one gaining acceptance within traditional finance. A spot XRP ETF would give investors direct, regulated exposure to XRP’s price without holding the token itself, mirroring the gateway role that spot Bitcoin and Ethereum ETFs have already established.

What Does “S-1 Pending” Mean?

Filing an S-1 registration statement with the SEC signals an issuer’s formal intent to launch a new investment product, here, a spot XRP ETF, and initiates the regulator’s detailed review process. 

An effective S-1 is a critical requirement, outlining the fund’s structure, risk disclosures, custody framework, fees, and other legal specifics necessary for approval and eventual listing.

CoinShares and WisdomTree reaching this stage indicates they have moved beyond preliminary steps and are now significantly closer to a potential launch than many earlier applicants. 

Notably, WisdomTree, a $139 billion asset manager with a strong ETF pedigree, is reportedly preparing to list its spot XRP ETF under the ticker XRPW, reinforcing its growing commitment to the digital asset ETF market.

Institutional Momentum Grows

Notably, this development unfolds against a broader surge in institutional engagement with XRP. In recent months, multiple issuers like Bitwise have filed or updated ETF applications, reflecting growing confidence in an improving regulatory climate and the SEC’s increasing openness to spot crypto ETFs beyond Bitcoin and Ether.

Market participants see these filings as a pivotal step toward XRP’s integration into traditional finance. If the SEC grants effectiveness to the pending S-1s and subsequent listings proceed, investors could soon gain access to regulated, exchange-listed products that track XRP’s price directly, potentially unlocking new capital inflows and expanding participation across both institutional and retail markets.

What’s Next?

Well, closely monitoring SEC feedback on the pending S-1 filings and any follow-up Form 19b-4 listing notices is fundamental because together they constitute the regulatory green light for an ETF launch. 

While approval timelines remain uncertain, the steady advancement of these filings sends a clear signal: XRP’s ETF era is no longer theoretical, it’s actively taking form.

Conclusion

The entry of CoinShares and WisdomTree into the XRP spot ETF launch queue marks a pivotal step in XRP’s integration into traditional finance. With S-1 filings now under SEC review, XRP is moving closer to regulated, exchange-traded exposure that could meaningfully expand its investor base. 

As the review process unfolds, these filings underscore a broader shift: XRP is evolving from a primarily speculative asset into an increasingly institution-ready market, with potentially lasting implications for liquidity, adoption, and long-term positioning.