Bitwise has officially filed for an XRP ETF in the state of Delaware. This application, confirmed by an anonymous spokesperson, marks a significant step in the company's ETF endeavors.
On September 30, Bitwise Asset Management submitted the application for the Bitwise XRP ETF. The filing is publicly accessible through the Delaware Department of State website. The registered agent for this application is CSC Delaware Trust Company, which specializes in compliance services for corporate filings.
This XRP ETF application is one of several recent ventures by Bitwise in the ETF market. The company has been actively exploring various investment opportunities related to cryptocurrencies.
An XRP ETF would allow investors to gain exposure to the price movements of XRP, a digital asset associated with the Ripple network, without needing to directly buy the cryptocurrency. This could potentially open up investment opportunities for a broader audience.
