Bitwise’s XRP ETF Approval Nears as Final Amendment Submitted
- Bitwise has filed its “final amendment” for an XRP ETF with the U.S. SEC, indicating imminent approval.
- The proposed ETF will trade on the New York Stock Exchange (NYSE) and feature a management fee of 0.34%.
- Other firms, including VanEck and Canary Funds, have also updated their filings for XRP-related products recently.
- Canary Funds removed a delaying amendment, allowing its spot XRP ETF to potentially launch by mid-November.
- Both Bitwise and Canary Funds have submitted Form 8-A filings to Nasdaq, marking the last step before trading can commence.
- Assets in the REX-Osprey XRP ETF (XRPR) have surpassed $100 million amid growing institutional interest.
The recent activity around XRP ETFs reflects increasing optimism regarding regulatory clarity for digital asset products in the U.S., with several firms positioning themselves for potential launches next month.
As Bitwise approaches the launch of its XRP ETF, it follows a successful Solana ETF that saw over $44 million in inflows last week, highlighting a shift in investor interest towards emerging assets. (Source)
