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

Bitwise had filed for a spot in XRP ETF. ETF analysts believe the filing is a bet on the U.S. Presidential elections. Eric Balchunas believes

Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking (XRP), the token closely associated with crypto company Ripple.

Bitwise has officially filed for an XRP exchange-traded fund in Delaware, raising excitement in the cryptocurrency market. Though the filing doesnt confirm an SEC submission, many speculate it could lead to

An application for a Bitwise XRP exchange-traded fund (ETF) has appeared on the State of Delaware’s Division of Corporations website. Cointelegraph independently confirmed the filing with a Bitwise spokesperson.

Bitwise's XRP ETF application was filed on Sept. 30th in the state of Delaware, Fox Business journalist, Eleanor Terrett shared on X late Tuesday.

Bitwise Asset Management has made significant progress toward launching an XRP ETF with formation of a new trust today.