Bitwise’s XRP ETF Application Advances Amidst SEC Review

The Securities and Exchange Commission (SEC) is currently evaluating Bitwise’s application for an XRP-based exchange-traded fund (ETF). This move by Bitwise, a cryptocurrency investment firm led by CIO Matt Hougan, signals a significant shift in the regulatory landscape surrounding crypto assets. The potential approval of this ETF would open doors for increased institutional participation and market liquidity in the cryptocurrency world.