TL;DR
- WisdomTree withdrew its S-1 for a proposed spot XRP ETF on Jan. 6, 2026, and XRP dropped 6% amid a 3% 24-hour slide.
- The SEC filing said the issuer will not proceed “at this time,” requested withdrawal under Rule 477, and confirmed no shares were sold.
- Despite the exit, SoSoValue data shows over $1.25B inflows into spot XRP ETFs, keeping focus on $2.05–$2.10 support and $2.33–$2.35 resistance.
XRP stumbled after WisdomTree withdrew its registration to launch a spot XRP exchange-traded fund, a step that rattled sentiment just as crypto entered the new year. The token fell 6% on the day, and the move also lined up with a roughly 3% slide over the prior 24 hours cited around the headline. For traders who treat ETF progress as validation, a sudden step back from the process can outweigh months of quiet paperwork, especially while approvals remain elusive and timelines keep shifting. Markets priced in uncertainty, not closure.
ETF Withdrawal Collides With Record Stable Inflow Data
In a filing to the US Securities and Exchange Commission, WisdomTree said it had “determined not to proceed at this time” and requested consent to withdraw the Trust’s Form S-1 under Rule 477 of Regulation C. The document notes the registration statement was initially filed on Dec. 2, 2024, and that no shares were sold pursuant to it. Even with the legal mechanics spelled out, an official exit without a stated motive left markets guessing whether competition, timing, or internal priorities drove the call. It asked the SEC to withdraw exhibits and amendments.
The decision looked counterintuitive next to flow data circulating at the same time. Numbers compiled by SoSoValue show US-based spot XRP ETFs have recorded more than $1.25 billion in total inflows since launch. On Tuesday alone, net inflows totaled $19.12 million, led by Franklin Templeton’s XRPZ with $7.35 million. Canary’s XRPC and Bitwise’s XRP ETFs added more than $10 million combined. With demand still printing, the retreat read like strategy, not weakness, and it reignited chatter that bigger issuers could enter. Many were surprised, since SEC reviews can stretch to 240 days often.
Price action kept the message blunt. XRP dipped below $2.3 after peaking near $2.4, then pulled back to about $2.28, after forming a base in the $1.77 to $1.95 range before New Year’s Eve and climbing into a top-four market-cap slot. Market watchers highlighted $2.05 to $2.10 as must-hold support; failure could retest $1.9, last seen Jan. 2. Meanwhile, resistance around $2.33 to $2.35 near the 200-day exponential moving average is the near-term gate toward $2.64 and potentially $3 if momentum holds. A push above that band could reopen targets after the pullback.
