In a groundbreaking move, cryptocurrency index fund manager Bitwise Asset Management filed for an XRP (CRYPTO: XRP) exchange-traded fund (ETF), a first for the U.S. market.
What Happened: Bitwise submitted the ETF filing on Monday to Delaware’s Department of State’s Division of Corporations. The filing was made under the entity name Bitwise XRP ETF, with CSC Delaware Trust Company listed as the registered agent.
This is typically the first step toward filing and listing an ETF, with similar notice seen previously for BlackRock’s iShares Bitcoin Trust ETF (NASDAQ:IBIT) and iShares Ethereum Trust …
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