NEW YORK, Jan 8, 2026, 14:34 EST — Regular session
- XRP fell as WisdomTree asked the SEC to withdraw its planned XRP fund registration
- Crypto traders are also bracing for Friday’s U.S. jobs report and what it means for rates
- XRP-linked exchange-traded products remain in focus as issuers test demand beyond bitcoin
XRP fell on Thursday after WisdomTree asked U.S. regulators to pull its registration for a proposed XRP fund, a filing that traders read as a small but real check on the rush to wrap crypto in stock-market products. XRP was down about 1.8% at $2.14, after trading as low as $2.07 and as high as $2.19.
The filing matters because exchange-traded funds, or ETFs, have become the easiest on-ramp for large pools of capital that still won’t touch tokens directly. A withdrawal doesn’t settle anything on its own, but it does show the ETF push into smaller coins can be uneven, even with a more welcoming backdrop in Washington.
Wall Street is still leaning in. Morgan Stanley filed this week to launch ETFs tied to bitcoin and solana, in what Reuters called the first such move by a big U.S. bank, and Morningstar’s Bryan Armour said “a bank entering the crypto ETF market adds legitimacy to it, and others could follow.” Reuters
Broader crypto prices were mixed. Bitcoin was up about 0.1% at $91,091 while ether was down around 0.8% at $3,117, keeping traders in the familiar pattern of watching bitcoin first and everything else second.
Stock-like XRP exposure is already trading in the market. Grayscale’s XRP Trust ETF, ticker GXRP, showed assets under management of about $277.8 million as of Jan. 7, and its market price was $42.21, down 3.78% on the day.
Macro has a vote, too. The Chicago Fed estimated the U.S. unemployment rate held at 4.6% in December, while economists polled by Reuters expect Friday’s official figure to dip to 4.5% — data that can swing rate-cut bets and, with it, risk appetite across everything from tech stocks to crypto.
In XRP, the near-term focus is less philosophical. Traders are watching whether the token holds above recent lows and whether the $2 level turns into a magnet if selling picks up again.
The risk is a familiar one: a hotter jobs print could push yields higher and squeeze high-beta trades, while another bout of “risk off” could take liquidity out of the thinner end of the crypto market. And if more issuers step back from altcoin products, the ETF narrative loses some punch.
Next up is the U.S. employment report for December, scheduled for Friday, Jan. 9 at 8:30 a.m. ET — the kind of single release that can reset the tone before the next session even starts.
