WisdomTree Launches CoinDesk 20 Fund Featuring Major Crypto Assets
- WisdomTree’s CoinDesk 20 Fund has been registered in Delaware, providing exposure to top crypto assets.
- The fund includes major cryptocurrencies like XRP, Solana, and Cardano.
- This registration follows the SEC’s new generic listing standards for crypto funds, allowing faster approval within 75 days.
- XRP price rose to $2.85 after the announcement, with a trading volume increase of nearly 94% in the last day.
- Despite a broader market downturn, XRP, Solana, and Cardano prices saw an immediate uptick of about 2% following the news.
The establishment of WisdomTree’s CoinDesk Fund signifies a notable advancement in integrating digital assets into traditional finance frameworks. With streamlined SEC processes, more crypto ETFs may emerge soon.
Following the fund registration, XRP experienced a price recovery to $2.85 amid increased trading activity and interest from investors. (Source)
