Loading...
Market
What will be the level of institutional adoption of XRP following the ETF approval by December 31, 2025?
2
Resolution / Starting Odds
High adoption (>$1 billion in assets) • 25%
Moderate adoption ($500 million to $1 billion in assets) • 25%
Low adoption (<$500 million in assets) • 25%
No significant adoption • 25%
Reports from major financial news outlets and institutional investment disclosures
Story
Bitwise Files First Ever Form S-1 for Spot XRP ETF with SEC
Oct 1, 2024, 10:54 PM
Bitwise, a prominent crypto asset manager, has officially filed for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The filing, confirmed by Bitwise's Chief Investment Officer Matt Hougan, marks the first step towards creating an ETF that would provide institutional investors with exposure to XRP. The registration was initially submitted to the Delaware Division of Corporations before being filed with the SEC on Wednesday morning. This move follows the approval of Bitcoin and Ethereum ETFs and signifies a significant step toward broader institutional adoption of XRP. Bitwise CEO Hunter Horsley stated, 'We believe blockchains will usher in new, apolitical monetary assets and permissionless applications for the 21st century.' The firm aims to help investors access emerging opportunities in the cryptocurrency space.
View original story
Similar markets
Significant Increase • 33%
Moderate Increase • 33%
No Change • 34%
0 • 25%
1 • 25%
2 • 25%
3 or more • 25%
J.P. Morgan • 25%
Goldman Sachs • 25%
Morgan Stanley • 25%
Other • 25%
WisdomTree • 25%
Bitwise • 25%
Canary • 25%
21Shares • 25%
BlackRock • 25%
Vanguard • 25%
Fidelity • 25%
Other • 25%
21Shares Core XRP Trust • 33%
Canary Capital XRP ETF • 33%
Bitwise XRP ETF • 33%
None by this date • 1%
WisdomTree • 25%
Bitwise • 25%
21Shares • 25%
Canary Capital • 25%
Canary Capital • 25%
Bitwise • 25%
Another Company • 25%
No Approval by Deadline • 25%
Bitwise • 25%
Canary Capital • 25%
Another Company • 25%
None by deadline • 25%