2024

Coin

<ul class="wp-block-list news-points">
 <li>Bitwise files for a registered trust entity as the first step towards launching an XRP ETF.</li>
 <li>Nate Geraci addresses it as a short-term political move, likely a call option for the US election.</li>
 <li>Geraci hints at the possibility of Bitwise offering XRP in an ETF wrapper.</li>
</ul>
Bitwise has planned to launch a Ripple XRP exchange-traded fund (ETF) with the Delaware’s Department of State’s Division of Corporations on Monday. This move comes ahead of the US election in November and could signal a potential turning point for XRP adoption. Crypto enthusiast Nate Geraci believes this is a strategic political move by Bitwise, a well-respected crypto fund manager.
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 Bitwise positioning to file for XRP ETF is highly noteworthy IMO… In short-term, this is likely call option on November election. But 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 (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1841278421365572018?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 2, 2024</a>
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Establishing a registered trust entity is the first step towards listing and trading ETF shares. Asset managers like Bitwise, BlackRock, and Fidelity filed trust entities before launching their Bitcoi…
The post <a href="https://coinedition.com/bitwise-files-for-ripple-xrp-etf-ahead-of-us-election/" rel="noopener noreferrer nofollow">Bitwise Files for Ripple XRP ETF Ahead of US Election</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitwise Files for Ripple XRP ETF Ahead of US Election

Coin Edition

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