SEC Fast-Tracks Bitwise XRP ETF Launch

SEC Guidance May Expedite Bitwise’s Spot XRP ETF Launch

• The SEC’s Division of Corporation Finance introduced guidance to accelerate the review process for ETF issuers, including Bitwise.
• Bitwise is a leading candidate with its spot XRP ETF application currently under review.
• The new guidance allows issuers to expedite pending registration statements post-shutdown, potentially speeding up the launch of Bitwise’s XRP ETF in the US market.
• Bloomberg analyst Eric Balchunas highlighted that Bitwise’s XRP ETF could follow the debut of the Canary XRP ETF (XRPC).
• Bitwise proposed a competitive management fee of 0.34% for its XRP-based product to attract investors.

The SEC’s updated guidance may facilitate a quicker approval process for Bitwise’s spot XRP ETF, leveraging a competitive fee structure to gain investor interest in the US market.