Share this article
Bitwise Takes a Step Toward XRP ETF
Ripple's XRP barely budged after the Delaware filing was confirmed.
Updated Oct 2, 2024, 6:09 p.m. Published Oct 1, 2024, 9:24 p.m.
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking , the token closely associated with crypto company Ripple.
The firm registered a trust entity in the state of Delaware on Tuesday, which appeared on the state’s Division of Corporations website. Registering a trust entity is a first step toward filing to list and trade shares of an ETF; companies like Bitwise, Blackrock and Fidelity all filed trust entities for bitcoin and Ethereum's ether ahead of filing for ETFs following those tokens.
STORY CONTINUES BELOW
A spokesperson for Bitwise confirmed that the filing was real.
“We can now confirm that this is both legitimate and from Bitwise,” the spokesperson said.
This isn’t the first time that rumors about a potential XRP ETF have circulated.
Similar filings, which later turned out to be illegitimate, have previously been uploaded to the website in an attempt to pump the token's price.
In November, for example, a filing for an apparent BlackRock XRP ETF appeared on the website, which was later confirmed by the asset manager to be false.
Despite the news, XRP's price has not fluctuated much Tuesday, though much of the broader market fell heavily over the past 24 hours.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Wrapping Up the Month
Congress continues to make progress on crypto issues but things are moving slowly.
Top Stories
