# XRP ETF

*Bitwise Officially Pursues XRP ETF with SEC Filing*

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-10-03

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Bitwise has made waves by officially filing an S-1 with the SEC for an exchange-traded fund linked to Ripple's XRP, just a day after registering an "XRP ETF" trust in Delaware. CEO Hunter Horsley announced the move on X, emphasizing XRP’s long-standing appeal among investors.

XRP, currently the seventh-largest cryptocurrency with a $33 billion market cap, is now in a race with bitcoin and Ethereum, which already have ETF options available. However, while the S-1 filing is a key step, Bitwise will need to follow up with a 19b-4 filing to prompt a rule change for exchange listing—a process that can take years, as seen with other firms.

Industry expert Nate Geraci noted that Bitwise's serious approach makes this effort particularly significant.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/xrp-etf)*