Bitwise Asset Management has applied for an XRP ETF in Delaware, a move confirmed by an anonymous spokesperson. The filing was made on September 30, with CSC Delaware Trust Company as the registered agent.
Nate Geraci of the ETF Store noted the strategic significance, as Bitwise is known for its credible and thoughtful approaches.
The choice of Delaware aligns with its business-friendly environment, despite regulatory challenges in the US. Ripple executives are optimistic about eventual approval.
Matt Hougan, Bitwise's Chief Investment Officer, has recently made bullish statements about new ETF approvals, supporting the bold move.
