Bitwise Asset Management has taken significant strides in the launch of an XRP ETF, as evidenced by recent filings with the Delaware Division of Corporations.
The establishment of a trust is a crucial first step towards obtaining approval from the SEC, following the same strategy employed by other crypto ETFs.
Such a product could provide investors with a regulated and more accessible means of investing in the popular XRP cryptocurrency, which has been under strict regulatory scrutiny.
The launch of an XRP ETF would also signify a major comeback for Ripple, which has faced setbacks due to their ongoing legal battle with the SEC regarding the token’s classification as a security.
