Bitwise files for XRP ETP with U.S. SEC

Bitwise Asset Management has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed Bitwise XRP ETP, which will directly hold XRP, according to Business Wire press release. The fund’s launch is pending SEC approval. Bitwise CEO Hunter Horsley highlighted the company's mission to provide access to blockchain-based assets. XRP, known for enabling cross-border payments, is one of the largest crypto assets with a market cap exceeding $30 billion. This filing follows Bitwise's recent launch of Bitcoin and Ethereum ETPs and its acquisition of ETC Group in Europe.