After Bitcoin, Ethereum An XRP ETF? Bitwise Registers Filing In Delaware Amid Rippe Vs SEC Legal Tussle (UPDATED)
Portfolio Pulse from Aniket Verma
Bitwise Asset Management has filed for an XRP ETF in Delaware, marking a first for the U.S. market. This move comes amid Ripple's ongoing legal battle with the SEC over XRP's classification. The filing is a preliminary step towards listing the ETF.

October 02, 2024 | 2:50 am
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NEUTRAL IMPACT
The XRP ETF filing by Bitwise is similar to previous filings for Ethereum ETFs, such as iShares Ethereum Trust ETF (ETHA).
The news highlights a trend in cryptocurrency ETFs, including Ethereum ETFs like ETHA. However, the direct impact on ETHA is limited as the focus is on XRP.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Bitwise's filing for an XRP ETF follows similar filings for Bitcoin and Ethereum ETFs, including BlackRock's iShares Bitcoin Trust ETF (IBIT).
The filing for an XRP ETF is part of a broader trend of cryptocurrency ETFs, which includes Bitcoin ETFs like IBIT. However, the direct impact on IBIT is limited as the news focuses on XRP.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50