Bitwise Submits Application For XRP Spot ETF To SEC

According to BlockBeats, on October 2, ETF issuer Bitwise has submitted an S-1 application to the U.S. Securities and Exchange Commission (SEC) for an XRP spot ETF. This move marks a significant step in the ongoing efforts to introduce more cryptocurrency-based financial products to the market. The application, if approved, would allow investors to gain exposure to XRP through a regulated exchange-traded fund, potentially increasing the accessibility and acceptance of the digital asset in traditional financial markets.