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Image Credit: Bitcoinsensus

Bitwise’s XRP ETF Filing and a New Crypto Funds Player

  • Bitwise filed for an XRP ETF on September 30 and it is registered in Delaware through CSC Delaware Trust Company.
  • Bitwise's decision to file for the XRP ETF is unexpected and bold, inspiring confidence in the crypto sector.
  • The choice to register in Delaware is strategic, as the state has favorable regulations and taxes for ETFs.
  • Although the process may not be quick, the filing of the XRP ETF is a strong signal for the crypto market.

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