Bitwise, a leading crypto index fund manager, has one submitted for XRP exchange-traded funds in the state of Delaware, according to Fox Business reporter Eleanor Terrett.
At this time, there is no official confirmation from Bitwise regarding the company’s intention to introduce an XRP ETF. “More details to come. Stay tuned,” the Fox Business reporter added in a social media post.
Related
Some people take the recent filings with a grain of salt. Last November, fraudsters published fake filings for the BackRock XRP ETF on the Delaware Division of Corporations website. This move was intended to fraudulently push the price of XRP higher. The incident was then referred to the Delaware Department of Justice.
However, the idea of Bitwise proposing an XRP ETF doesn’t seem so far-fetched. As reported by U.TodayRipple CEO Brad Garlinghouse previously stated that the launch of such a product was “inevitable”.
While financial giants like BlackRock won’t touch XRP with a ten-foot pole, some crypto-native companies may explore more exotic ETFs.
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Last month, Grayscale, a leading asset manager, relaunched its XRP trust. Some analysts believe that this could pave the way for the introduction of an XRP ETF.
