Bitwise Asset Management files for an XRP ETF in Delaware, marking a first for the US market.

Bitwise Asset Management has filed for an XRP exchange-traded fund (ETF) in Delaware, marking a first for the U.S. market. This filing could enhance institutional access to XRP, pending the outcome of Ripple Labs' legal battle with the SEC. While the submission does not confirm SEC registration, it signifies potential growth for XRP's market. XRP was trading at $0.603 at the time of the announcement, reflecting a 2.67% decline in 24 hours.

October 01, 2024
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