Bitwise has taken another major step towards its bid to launch a US XRP spot ETF. This development follows the asset management’s achievement in launching the first-ever US Solana Spot ETF last week on the New York Stock Exchange (NYSE).
Balchunas describes these updates as “the last boxes to check,” indicating that Bitwise may have reached the final stage of approval. The amendment filing suggests the asset manager has completed major rounds of feedback with the SEC, with the proposed XRP Spot ETF now awaiting launch.
At press time, XRP continued to trade at $2.50, reflecting a minor 0.01% decline in the last day as the asset remained in consolidation. On larger time frames, XRP form reflects bearish dominance with losses of 4.55% and 17.27% on the weekly and monthly charts, respectively.
