On Tuesday, the U.S. Securities and Exchange Commission acknowledged the filing for Bitwise’s spot XRP ($2.56) exchange-traded fund submitted by Cboe BZX Exchange, becoming the latest in a string of issuers vying to front run anticipated policy shifts to crypto under the Trump administration.
If approved, Bitwise’s spot XRP ETF would legitimize XRP as a mainstream investment vehicle, offering a regulated option for exposure to the world’s third-largest crypto.
Once published in the Federal Register, the SEC will allow a 21-day comment period on the filing before deciding to approve, deny, or pursue further action, with a final decision expected in up to 240 days.
The acknowledgment follows similar moves by other firms, with the SEC recently acknowledging XRP ETF proposals from Grayscale and 21Shares. Filings from WisdomTree and Canary Capital still remain under review.
The increasing number of crypto ETF filings and the SEC’s resp…
