• Bitwise files for a registered trust entity as the first step towards launching an XRP ETF.
• Nate Geraci addresses it as a short-term political move, likely a call option for the US election.
• Geraci hints at the possibility of Bitwise offering XRP in an ETF wrapper.

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.

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 Bitwise Files for Ripple XRP ETF Ahead of US Election appeared first on Coin Edition.

• Bitwise files for a registered trust entity as the first step towards launching an XRP ETF.
• Nate Geraci addresses it as a short-term political move, likely a call option for the US election.
• Geraci hints at the possibility of Bitwise offering XRP in an ETF wrapper.

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.

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 Bitwise Files for Ripple XRP ETF Ahead of US Election appeared first on Coin Edition.