Wall Street’s Crypto-ETF Boom Gathers Pace on First XRP Filing
- Bitwise first to file for XRP ETF after its BTC, ETH versions
- Move comes after regulatory clarity around Ripple Labs
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Wall Street’s ETF disruptors are once again pushing regulators to open up the crypto boom to the masses after Bitwise Asset Management Inc. became the first to file for a fund that invests directly in XRP, the world’s seventh-largest digital token.
The asset manager submitted paperwork with the Securities and Exchange Commission on Wednesday to launch the Bitwise XRP ETF. The filing doesn’t yet include a ticker nor a fee.