Bitwise Files for Spot XRP ETF via Delaware Trust

Oct 1, 2024, 08:20 PM

Bitwise, a prominent crypto asset manager, has filed for a spot XRP exchange-traded fund (ETF) in Delaware via Delaware Trust. The filing, confirmed by a Bitwise spokesperson and submitted on the Delaware government website, marks a significant step in the expansion of cryptocurrency ETFs. Matt Hougan of Bitwise confirmed the filing to Cointelegraph. This move follows the recent approvals of Bitcoin and Ethereum ETFs. If approved, the XRP ETF would provide institutional investors with a new avenue to gain exposure to Ripple's XRP token.