Coinpaper 17 okt. 2024

Bitwise’s Update to XRP ETF Filing Gives More Details on Custody and Trading Features 🔍

XRP Bitwise

Bitwise, the world's largest crypto index fund manager, has provided an update to its XRP ETF filing, expanding it with a new S-1 form. This update includes comprehensive details on key aspects such as custody, basket creation, and contingency plans, offering more clarity on its trading features.

The enhanced filing aims to address investor concerns by outlining the framework for securely managing crypto assets, the methodology for creating asset baskets, and the strategies in place for unforeseen circumstances. The update reflects Bitwise's commitment to transparency and regulatory compliance.

By expanding the filing, Bitwise seeks to ensure that potential investors are well-informed about the operational and risk management aspects of its proposed ETF, thereby boosting confidence in their investment product.

Bron: coinpaper.com ↗

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