u.today
Bitwise, the leading crypto index fund manager, has filed for an $XRP exchange-traded fund in the state of Delaware, according to Fox Business reporter Eleanor Terrett.
For now, there is no official confirmation from Bitwise regarding the company's intention to introduce an $XRP ETF. "More details to come. Stay tuned," the Fox Business reporter added in a social media post.
Some have taken the recent filing with a grain of salt. Last November, scammers published a fake filing for a BackRock $XRP ETF on the website for Delaware's Division of Corporations. The move was meant to fraudulently push the $XRP price higher. The incident was later referred to the Delaware Department of Justice.
However, the idea of Bitwise proposing an $XRP ETF does not seem to be that far-fetched. As reported by U.Today, Ripple CEO Brad Garlinghouse previously stated that the launch of such a product was "inevitable."
While financial titans like BlackRock will not touch $XRP with a ten-foot pole, some crypto-native firms might explore more exotic ETFs.
Last month, Grayscale, the leading asset manager, relaunched its $XRP trust. Some analysts believe that this could set the stage for the introduction of an $XRP ETF.