The first XRP ETF is finally in play. If this happens before Solana, I'll officially join the XRP nation. Sources told FOX Business that crypto asset

The SEC's recent appeal in the Ripple case puts the future of the XRP ETF and Ripple's market status in doubt.

Bitwise submitted an S-1 registration Wednesday to the U.S. Securities and Exchange Commission, taking the first step toward rolling out an exchange-traded fund tied to XRP (XRP-USD), the cryptocurrency associated with Ripple.

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.

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 registered with the Delaware Division of Corporations for the establishment of a new entity called “Bitwise XRP ETF.”

Bitwise's filing acknowledges the risk that the Securities and Exchange Commission (SEC) could win an appeal to reverse a court decision that would allow it to regulate XRP as a security.

Bitwise, already an issuer of spot Bitcoin and spot Ethereum ETFs, filed for an $XRP ETF, triggering excitement in the crypto community and marking the first step in what Ripple CEO Brad Garlinghouse previously predicted was an "inevitable" wave of crypto ETFs.

Cryptocurrency asset manager Bitwise has officially submitted a Form S-1 filing for the first spot XRP exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This move marks a significant step for the firm as it seeks to provide investors with access to the value of XRP through a regulated investment vehicle.