Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust.
Cryptocurrency asset manager Bitwise has officially filed for the first XRP (XRP) exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC).
The potential Bitwise XRP ETF, subject to approval from the SEC, is designed to provide exposure to the value of XRP held by the trust, “less the expenses of the trust’s operations and other liabilities,” the filing reads.
Source: Bitwise
