# XRP ETF

> Bitwise Officially Pursues XRP ETF with SEC Filing

**Published by:** [aundingoya.eth](https://paragraph.com/@aundingoya.eth/)
**Published on:** 2024-10-03
**URL:** https://paragraph.com/@aundingoya.eth/xrp-etf

## Content

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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