The crypto-focused asset manager filed the exchange-traded fund application in the state of Delaware.
An application for a Bitwise XRP exchange-traded fund (ETF) has appeared on the State of Delaware’s Division of Corporations website. Cointelegraph independently confirmed the filing with a Bitwise spokesperson.
According to the filing, the Bitwise XRP ETF was incorporated on Sept. 30, 2024. The registered agent was listed as CSC Delaware Trust Company, which is headquartered in Wilmington, Delaware.
The application comes just a few months after Ripple’s CEO, Brad Garlinghouse, hinted about the upcoming financial product, describing an XRP ETF as “inevitable” following the launch of Bitcoin and Ether ETFs in the United States.
