Bitwise Files Fourth XRP ETF Amendment for NYSE Listing: 0.34% Fee & Market Surge

Bitwise Asset Management has resubmitted its application for an XRP spot exchange-traded fund (ETF) to the New York Stock Exchange (NYSE), requesting a 0.34% management fee. This move comes after three previous submissions, and brings them closer to potential SEC approval. The news boosted XRP prices by 31%, indicating market optimism about increased institutional participation if the ETF is granted approval. The filing also reveals that exchanges like KuCoin are actively preparing for trading activity, further suggesting a shift towards regulated US markets.