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Bitwise Files for Spot XRP ETF via Delaware Trust

Oct 1, 2024, 08:27 PM

Crypto asset manager Bitwise has filed an application for a spot XRP exchange-traded fund (ETF) with the state of Delaware via Delaware Trust. The filing, confirmed by Bitwise's Chief Investment Officer Matt Hougan, was submitted on the Delaware government website. This move marks a significant step toward institutional adoption of XRP, following the approval of Bitcoin and Ethereum ETFs. The Delaware filing does not guarantee immediate approval by the SEC, and further regulatory steps are anticipated. A Bitwise spokesperson confirmed the filing to Cointelegraph.