Bitwise Asset Management has submitted an S-1 registration form to the SEC to launch Bitwise XRP ETF.

Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product for XRP tokens, as it seeks to introduce more crypto products after a landmark regulatory decision to approve spot bitcoin ETF earlier this year.

The XRP price has faced yet another meltdown owing to recent global geopolitical issues. The Ripple-associated coin saw notable gains last week, and it is expected that a more sustained price rally is in the cards.

Investment asset management firm Bitwise has become the first firm to file an initial registration statement for a spot XRP exchange-traded funds (ETF) with the United States Securities and Exchange Commission (SEC). The pursuit of an XRP ETF reflects the increasing demand among institutional investors for safe crypto products.

Bitwise submitted an S-1 form to the U.S. Securities and Exchange Commission, a requirement for companies seeking to issue a new security and be listed on a public stock exchange.

Ripple's development arm, RippleX, has published a tweet, spreading the word about an event for the community of XRP holders, dubbed “XRP Community Night.”

Bitwise has taken another step toward an XRP ETF with a formal Securities and Exchange Commission filing. On Oct. 2, crypto index fund manager Bitwise submitted a Form S-1 document with the U.S.

Ripple CEO Brad Garlinghouse has predicted more asset managers could also file to offer an XRP ETF following Bitwise's filing of the S-1 form for its Bitwise XRP ETF with the US Securities and Exchange Commission (SEC). Garlingouse also highlighted how significant this development is for XRP adoption, especially in traditional finance (TradFi).

The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors with exposure to the digital asset.

After a great success in Bitcoin and Ethereum ETF, Bitwise is now planning to become the first firm to launch an XRP product. In a significant development, Bitwise Asset Management has filed for an XRP Exchange Traded Product. The firm has submitted the Form S-1 to the U.S. Securities and Exchange Commission.

Ripple's ambitious stablecoin testing with Ripple USD (RUSD) has fueled a surge in XRP derivatives market activity and interest.

Bitwise Asset Management has officially filed for a spot XRP exchange-traded fund (ETF) with Delaware's Division of Corporations on September 30. The filing encompasses the registration for establishing a Delaware statutory trust, a business-oriented trust recognized under Delaware state law.

Bitwise's registration of a Delaware trust marks a key step toward launching an XRP ETF, despite regulatory uncertainties.

ATOM was the lone gainer in the index, rising 0.7%.

Bitwise's XRP ETF filing could significantly impact investor access to regulated crypto assets, pending SEC's stance on Ripple's legal status. The post Bitwise files S-1 form for XRP ETF appeared first on Crypto Briefing.

Bitwise has filed its registration statement with the SEC for an exchange-traded fund that would give investors exposure to the token XRP.

Bitwise is the first firm to officially seek approval for a spot ETF that would track the daily price of XRP, the seventh-largest cryptocurrency with a market cap of over $30 billion.

Subject to approval from the SEC, the potential Bitwise XRP ETF is designed to provide exposure to the value of XRP held directly by the trust.

Bitwise officially filed a registration statement with the Securities and Exchange Commission for a spot XRP ETF.

The XRP price has dropped by 4.5% in the past 24 hours, with its fall to $0.6003 coming as the crypto market loses 5% today.

Bitwise XRP ETF filing as raised hopes of potential approval after US elections amongst market pundits.

Bitwise Asset Management has registered a trust entity in Delaware, potentially signaling plans to file for a spot XRP ETF despite existing regulatory hurdles with the SEC.

The SEC has until October 7, 2024 to put forward an appeal.

Ripple has recently minted an additional 1.35 million RLUSD on the XRP Ledger, part of a broader strategy to ensure the stablecoin's performance and reliability upon launch. This development comes as Ripple prepares for a critical phase of regulatory assessments and market integration.

XRP's recent dip comes amid increasing uncertainty in the market, primarily due to two significant factors. First, the scheduled release of 1 billion XRP tokens by Ripple on October 1 has exerted slight downward pressure on the token's price.

Ripple's in-principle approval from Dubai's regulators marks a pivotal step in revolutionizing cross-border digital payments across the UAE.

September 2024 was a crucial month for the XRP and Ripple community as it was a packed-up month with important updates and milestones. Dan Fisher, the community relations Manager at Ripple shared a quick recap of the month's events. Ripple and XRPL Advancements Ripple announced the exploration of programmability for the XRP Ledger (XRPL).

How will the upcoming U.S. presidential election affect cryptocurrency ETF approvals? Let's find out.

Bitcoin (BTC) fell as low as $60,300 earlier today due to escalating tensions in the Middle East that have spooked the crypto and traditional markets. The world's largest cryptocurrency is down almost 4% in the past 24 hours following Iran's attack on Israel.

Bitwise has filed for an XRP ETF with Delaware following Bitcoin and Ethereum ETF approvals, despite past SEC-Ripple legal conflicts.

Ripple price could skyrocket XRP ETF optimism was revived by Bitwise Asset Management's filing in Delaware. If approved, this will be the first XRP ETF for the United States market.

The approval from the DFSA marks a crucial step forward for Ripple as it aims to expand its operations in a rapidly growing market. The UAE has embraced new technologies and established a regulatory environment that supports blockchain and cryptocurrency companies.

The U.S. Securities and Exchange Commission (SEC) faces an Oct. 7 deadline to decide whether to appeal the Ripple court ruling, which declared that secondary XRP sales were not securities.

After unlocking another 1 billion XRP from the initial distribution escrows on October 1, Ripple prepares for another monthly sell-off. For this month, traders and investors can initially expect a 200 million XRP sale with a potential negative price impact.

Ripple Labs has continued intensifying its RLUSD stablecoin testing efforts with daily minting sessions. While the exact motive behind its beta testing remains unknown, data from the Ripple Stablecoin Tracker shows that 2,450,000 RLUSD has been minted thus far in October.

Investment banking firm Houlihan Lokey has identified payments technology firm and XRP issuer Ripple as one of the potential challengers to the global banking messaging network Swift. In a market update report from April 2024, the firm mentioned Ripple and some fintech firms as competition to Swift in the cross-border payments category.

Bitwise confirmed that its application of XRP ETF is legitimate thereby driving excitement in the market/ However, the XRP price moved down amid the broader market correction following Israel-Iran war-like situation.

Bitwise Investments has taken its first steps toward a potential XRP exchange-traded fund (ETF), with a filing on 30 September 2024 in Delaware. Listed under the State of Delaware's Division of Corporations, the filing was confirmed by a Bitwise spokesperson to Cointelegraph.

XRP, the seventh-biggest cryptocurrency by market capitalization, has so far failed to experience a price rally despite the recent ETF buzz. The token is down more than 4% over the past 24 hours, failing to buck the broader bullish trend.

The price of the crypto does not reflect a particular enthusiasm of the investors.

Bitwise has confirmed plans to launch an XRP exchange-traded fund (ETF), confirming the authenticity of an application with the state of Delaware.

Bitwise has taken a major step toward launching an XRP exchange-traded fund (ETF) after filing an application in Delaware.

The Dubai Financial Services Authority (DFSA) granted Ripple an in-principle approval to expand its services from the Dubai International Financial Centre (DIFC), effectively unlocking the firm's end-to-end payment services in the UAE.

It appears that XRP whales are on a buying spree and possibly taking advantage of the recent market fall. On October 1, 2024, a prominent crypto expert made a post on X (Previously Twitter) that several XRP whales have begun accumulating tokens on a large scale.

Ripple's XRP token amassed close to $1 billion in open interest over the weekend, while its price hovers around $0.61 at press time, data from CoinGlass shows. What's Different About XRP Price Action?

Asset manager Bitwise submitted a filing for an XRP exchange-traded fund (ETF) to Delaware's Division of Corporations on Sept. 30. This filing includes the registration for establishing a Delaware statutory trust, which is a business-oriented trust legally recognized in the state.

A new filing for a Bitwise XRP exchange-traded fund (ETF) has surfaced on the Delaware Division of Corporations.