Bitwise Moves Closer to Approving XRP ETF, Potentially Launching Within Weeks

Asset management giant Bitwise has made progress towards gaining regulatory approval for its XRP Exchange-Traded Fund (ETF). Their latest filing, Amendment No. 4, includes key details often incorporated before an ETF launch, suggesting a near-term approval is possible. The update reveals that the proposed fund will list on the New York Stock Exchange (NYSE) and carry a management fee of 0.34%. This signifies a significant milestone as it typically signals the SEC’s final approval for a product to go live.