Bitwise has announced plans to launch a Ripple XRP exchange-traded fund (ETF) by filing with Delaware’s Department of State’s Division of Corporations. This initiative comes just before the US election in November.
This move is perceived as a potential turning point for XRP adoption. According to crypto enthusiast Nate Geraci, Bitwise’s decision is seen as a strategic political maneuver, possibly aiming to capitalize on the heightened attention during the election period.
The timing of the launch and its implications for the cryptocurrency landscape will be closely watched by industry observers and investors.
Source: coinedition.com ↗