Bitwise Files XRP ETF Request in Delaware, Raising Excitement in the Cryptocurrency Market

Bitwise has officially filed for an XRP exchange-traded fund in Delaware, raising excitement in the cryptocurrency market. Though the filing doesn't

Delaware has now seen an official filing for an XRP exchange-traded fund by Bitwise, generating buzz within the cryptocurrency space. While the filing does not directly confirm an SEC submission, many believe that this could pave the way for greater institutional access to XRP investments.

A request for the establishment of a Bitwise XRP ETF was spotted on the Division of Corporations website for the State of Delaware. After reaching out to a Bitwise representative, Cointelegraph was able to independently verify the filing.

Delaware Filing Shows Bitwise XRP ETF Established on Sept. 30, 2024

The filing states that the Bitwise XRP ETF was established on September 30, 2024. The CSC Delaware Trust Company, which is based in Wilmington, Delaware, was listed as the registered agent.

It’s important to note that a filing in Delaware does not necessarily mean that an SEC registration statement is imminent. This could be an early stage of planning, and it may be months before an official filing with the SEC is even prepared.

Ripple CEO previously predicted XRP ETF as 'inevitable'

This filing comes just a few months after Ripple CEO Brad Garlinghouse hinted at the upcoming financial product, stating that an XRP exchange-traded fund is “inevitable” following the introduction of Bitcoin and Ether ETFs in the United States.

An XRP ETF would provide institutional investors with exposure to the cryptocurrency within a regulated investment vehicle, Cointelegraph previously reported. This could boost liquidity and further drive token adoption.

XRP ETF rumors have swirled for the past year

Rumors of an XRP ETF have been circulating for the past several months. A fake filing for a “BlackRock iShares XRP Trust” in Delaware in November 2023 sparked speculation among XRP price watchers, leading to a 12% gain in the price of XRP.

Delaware authorities investigate fake filing

The filing was ultimately denied by BlackRock, and the false submission is now being investigated by the Department of Prosecutions in Delaware.

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