tldr; Bitwise has filed for an XRP exchange-traded fund (ETF) in Delaware, confirmed by a Bitwise spokesperson. The filing, dated September 30, 2024, lists CSC Delaware Trust Company as the registered agent. This step may be part of early-stage preparation, with no immediate SEC filing expected. The move follows Ripple CEO Brad Garlinghouse’s comments on the inevitability of an XRP ETF. Approval could enhance institutional investment in XRP. The filing comes amid ongoing legal disputes between the SEC and Ripple Labs over XRP’s classification as a security.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Lemon_Club on
XRP ARMY RISE UP
APPEAL? NEVER HEARD OF HER.
lennethluna on
Damn more ETFs.
Mountain-Ad326 on
why would they? I thought they wanted to make money?
4 Comments
tldr; Bitwise has filed for an XRP exchange-traded fund (ETF) in Delaware, confirmed by a Bitwise spokesperson. The filing, dated September 30, 2024, lists CSC Delaware Trust Company as the registered agent. This step may be part of early-stage preparation, with no immediate SEC filing expected. The move follows Ripple CEO Brad Garlinghouse’s comments on the inevitability of an XRP ETF. Approval could enhance institutional investment in XRP. The filing comes amid ongoing legal disputes between the SEC and Ripple Labs over XRP’s classification as a security.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
XRP ARMY RISE UP
APPEAL? NEVER HEARD OF HER.
Damn more ETFs.
why would they? I thought they wanted to make money?