Bitwise, an asset management firm, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF). This ETF would allow investors direct exposure to the cryptocurrency XRP through traditional brokerage accounts.
The CEO of Bitwise stated that XRP is a durable crypto asset that many investors are eager to include in their portfolios, highlighting its enduring appeal in the market.
By seeking this approval, Bitwise aims to broaden the accessibility of XRP investments to a wider range of investors, integrating it with standard financial services.
Source: news.bitcoin.com ↗