Bitwise Advances XRP Spot ETF Filing, Following Solana ETF Launch Success
Bitwise Advances XRP Spot ETF Filing, Following Solana ETF Launch Success
Bitwise has filed an S-1 amendment for a US XRP spot ETF, indicating a potential launch as early as November. This development follows the asset management firm's recent success in launching the first-ever US Solana spot ETF on the New York Stock Exchange (NYSE).
Bitwise Accelerates XRP ETF Bid After Solana Success
Asset management firm Bitwise is making significant strides in the cryptocurrency exchange-traded fund (ETF) sector. The company has formally submitted an S-1 amendment for a US XRP spot ETF, signaling a potential launch timeline possibly by November. This strategic move underscores Bitwise's continued expansion into crypto investment products, building upon their recent achievement of introducing the inaugural US Solana spot ETF on the New York Stock Exchange (NYSE) last week. The proactive filings highlight a growing trend among financial institutions to offer regulated investment vehicles for prominent digital assets.