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Submission: On October 02 via api from HK — Scanned from DE
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Markets / News Report BITWISE FILES FOR XRP ETF: ALL YOU NEED TO KNOW 2 mins By Landon Manning 2 October 2024, 04:13 GMT+0000 Updated by Harsh Notariya 2 October 2024, 14:08 GMT+0000 Join our Trading Community on Telegram Share on Twitter Share on Email Share on Linkedin Share on Google News IN BRIEF * Bitwise surprises with an XRP ETF filing in Delaware, confirmed by a spokesperson. * The US SEC's response to Bitwise's XRP ETF filing remains uncertain. * Ripple CEO remains optimistic about XRP ETFs being approved in the future. * promo Earn up to 0.05 BTC per month with free YouHodler cloud miner.Start mining Bitwise has applied for an XRP ETF in the state of Delaware. An anonymous spokesperson apparently confirmed on Tuesday that the application is genuine. An XRP ETF is just one of several ETF-related ventures Bitwise has started recently. A SURPRISE FILING Sponsored Sponsored Bitwise Asset Management has applied for an entity named Bitwise XRP ETF in the state of Delaware. According to the filing, publicly available on the Delaware Department of State website, Bitwise filed this ETF on September 30. The registered agent for this filing was CSC Delaware Trust Company, which provides compliance services for legal and corporate endeavors. > “Bitwise positioning to file for XRP ETF is highly noteworthy IMO. Bitwise is > highly credible crypto-native fund firm that doesn’t just throw stuff at wall. > That’s simply not in their DNA. This is strategic,” Nate Geraci, the President > of the ETF store, said. Read More: XRP ETF Explained: What It Is and How It Works Bitwise’s XRP ETF Application. Source: Delaware Department of State This agent’s website claims that Delaware is the preferred location for a variety of corporate filings due to its reputation for business-friendly tax and regulation. In fact, BlackRock filed its Ethereum ETF in Delaware less than one year ago. This location suggests Bitwise is making a genuine effort despite the difficulty of winning regulatory approval. Later on Wednesday, Bitwise officially announced that it had filed a registration statement with the US SEC for the Bitwise XRP exchange-traded product (ETP). > “The launch of the Bitwise XRP ETP is pending effectiveness of the Form S-1 as > well as approval of a Form 19b-4 filing,” Bitwise stated. Sponsored Earn up to 0.05 BTC per month with free YouHodler cloud miner with 3 easy steps: * Create account on YouHodler: the basic miner level offers rewards for simply signing up * Mine Bitcoin without CPU usager: Youhodler Cloud Miner operates without using any computing power from your device * Play and earn real Bitcoin: the gamified approach of Cloud Miner makes mining enjoyable Start mining Sponsored The XRP ETF has its supporters, but generally, it is not viewed as the most likely cryptoasset to become the third US ETF. Read More: How To Buy XRP and Everything You Need To Know Still, this bold move is very in character for Bitwise. Chief Investment Officer Matt Hougan made publicly bullish statements on new ETF approvals just two weeks ago, and Bitwise acquired a European crypto ETP issuer in August. A new project like this would fit right in. Ripple’s executives, too, are bullish that the SEC will eventually give an XRP ETF the green light. > “I think it’s just a matter of time, and it’s inevitable there’s gonna be an > XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and > that’s great,” Ripple CEO Brad Garlinghouse stated. Best crypto platforms in Europe | October 2024 YouHodler Explore Wirex App Explore Coinbase Explore BYDFi Explore Exodus Explore Best crypto platforms in Europe | October 2024 YouHodler Explore Wirex App Explore Coinbase Explore BYDFi Explore Exodus Explore Best crypto platforms in Europe | October 2024 YouHodler * Wirex App * Coinbase * BYDFi * Exodus * TRUSTED Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Share on Twitter Share on Email Share on Linkedin Share on Google News Sponsored Sponsored Landon Manning READ FULL BIO Landon Manning is a journalist at BeInCrypto, covering a wide range of topics, including international regulation, blockchain technology, market analysis, and Bitcoin. Previously, Landon spent six years as a writer with Bitcoin Magazine and co-authored a Bitcoin maximalist newsletter with 30,000 subscribers. Landon holds a Bachelor of Arts in Philosophy from Sewanee: The University of the South. Landon Manning is a journalist at BeInCrypto, covering a wide range of topics, including international regulation, blockchain technology, market analysis, and Bitcoin. Previously, Landon spent six years as a writer with Bitcoin Magazine and co-authored a Bitcoin maximalist newsletter with 30,000 subscribers. Landon holds a Bachelor of Arts in Philosophy from Sewanee: The University of the South. READ FULL BIO Sponsored Sponsored RELATED NEWS Markets Analysis Wormhole (W) Price Climbs By 25% Following Debut on South Korean Exchange 2 mins 55 mins ago Markets Analysis Worldcoin (WLD) Price Drops, with FTX Sale Set to Increase Pressure 3 mins 2 hours ago Markets Analysis Monero (XRM) Price Faces 7% Drop After Kraken’s Delisting in Europe: What’s Next 3 mins 3 hours ago Markets News Report Franklin Templeton’s Onchain Money Market Fund Launches on Aptos 2 mins 3 hours ago Markets Analysis Toncoin (TON) Struggles to Stay Afloat as $4 Target Looms 2 mins 4 hours ago Best crypto platforms in Europe | October 2024 YouHodler Explore Wirex App Explore Coinbase Explore BYDFi Explore Exodus Explore Best crypto platforms in Europe | October 2024 YouHodler Explore Wirex App Explore Coinbase Explore BYDFi Explore Exodus Explore Best crypto platforms in Europe | October 2024 YouHodler * Wirex App * Coinbase * BYDFi * Exodus * Most Read Wirex Launches 2024 Rising Women in Crypto Awards In Partnership with BeInCrypto 2 mins BlackRock Bitcoin Stash Nears 370,000 BTC, Closes In on Binance 2 mins 5 days ago Spending Crypto with Ease: Fastex’s Meri Mirijanyan on Everyday Transactions with the Fastex Card 5 mins Bitcoin, Ethereum ETFs Hit Multi-Week Highs Amid Crypto Recovery 2 mins 4 days ago 4 Altcoins That Could Hit New All-Time Highs in October 4 mins 5 days ago 3 Bullish Altcoins Predicted to Outperform Bitcoin in October 2024 3 mins 4 days ago Want to know more? 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