TLDR:
- Bitwise’s latest XRP ETF filing adds NYSE and fee details, signaling readiness for potential SEC approval.
- Bloomberg’s Eric Balchunas said these additions are “the last boxes to check” before the ETF can launch.
- James Seyffart noted Bitwise’s concise filing could enable a launch in as few as twenty days.
- Competing issuers like VanEck and Canary Funds are also filing XRP ETFs, setting up a crowded November slate.
The XRP market may soon see its first U.S.-listed exchange-traded fund.
Bitwise has updated its XRP ETF filing, including the listing exchange and management fee, two of the last steps before approval. This filing signals growing momentum among asset managers racing to launch new crypto investment products.
Investors are now watching for any SEC response that could clear the path for trading. The latest move from Bitwise comes as XRP gains renewed attention in institutional circles.
Bitwise XRP ETF Filing Nears Completion
Eric Balchunas, a Bloomberg ETF analyst, shared that Bitwise added the exchange and fee details in its latest filing, calling them the “last boxes to check.”
The filing, labeled Amendment #4, specifies a 0.34% management fee and the New York Stock Exchange (NYSE) as the chosen venue. Such additions typically mark the final phase before a potential greenlight.
James Seyffart of Bloomberg Intelligence also pointed out that Bitwise’s XRP ETF may have a shorter approval path than others. He noted that the document’s concise language could allow it to launch in as few as twenty days. This gives Bitwise an early advantage in the XRP ETF lineup.
The update aligns with a wave of filings from major issuers like VanEck, Fidelity, and Canary Funds. Seyffart said these issuers are preparing products that could enter the market as early as November. That timing has led many in the crypto space to speculate about a clustered rollout.
Investors appear to be reading these signals closely. Each filing update hints at increasing readiness within the ETF ecosystem, where speed and timing often shape early inflows once trading begins.
XRP ETF Competition Grows Among Issuers
While Bitwise may be furthest along, it’s not alone in targeting XRP exposure. VanEck and Canary Funds have also filed for XRP-related products, reflecting rising institutional appetite. Seyffart said the number of amended and new filings in recent days shows heightened activity among issuers positioning for a potential SEC window.
The difference lies in structure and timing. Canary’s filing reportedly contains longer approval wording, which might delay its launch. Bitwise’s more compact structure, on the other hand, could fast-track clearance.
Analysts view this as an operational detail that may determine who lists first.
The competition also echoes earlier ETF races around Bitcoin and Ethereum products. Those early movers saw strong inflows and higher media traction. Many observers expect similar behavior once XRP-linked ETFs open for trading.
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Source: https://blockonomi.com/bitwise-finalizes-xrp-etf-filing-launch-could-be-weeks-away/