<ul><li>Bitwise, a cryptocurrency asset manager, officially applies to the US SEC for the first spot XRP exchange-traded fund (ETF).</li><li>The Bitwise XRP ETF will provide investors access to the value of XRP owned by the trust, minus operational costs and liabilities.</li><li>Bitwise utilizes the cash-create technique, allowing the exchange of cash for the creation and redemption of shares for the Bitwise XRP ETF.</li><li>Bitwise previously entered the Bitcoin spot ETF market, and is also involved in spot Ethereum ETF trading.</li></ul>

Bitwise Officially Files Form S-1 for Spot XRP ETF with US SEC

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