Bitwise Asset Management has filed an initial registration statement (Form S-1) with the U.S. Securities and Exchange Commission (SEC) for its Bitwise XRP ETP. The proposed fund will directly hold XRP, the native digital asset of the XRP Ledger (XRPL) blockchain.
Key Details of the Filing
- Structure: The ETP will hold XRP directly, offering investors regulated exposure to the asset.
- Approvals Pending: Launch depends on SEC effectiveness of Form S-1 and approval of a related Form 19b-4 filing.
- Context: Follows Bitwise’s recent launches of spot Bitcoin and Ethereum ETPs, and its acquisition of Europe’s ETC Group.
Executive Insight
Hunter Horsley, Bitwise CEO, stated:
"Blockchains will redefine monetary assets and applications. This filing reflects our seven-year commitment to bridging investors with crypto opportunities."
Why XRP?
XRPL is a public blockchain renowned for:
- Cross-border payments: Low-cost, high-speed settlements (<$0.01 fees; seconds per transaction).
- Institutional DeFi: Supports tokenization, EVM compatibility, and real-world asset use cases.
- Proven Reliability: Over 5M active wallets and a decade of operational history.
👉 Explore how XRP compares to other major crypto assets
Bitwise’s Expanding Portfolio
Beyond the XRP ETP, Bitwise offers:
- 30+ Products: Including ETFs, SMA strategies, and yield solutions across U.S./European markets.
- Spot Crypto ETPs: Recently added Bitcoin and Ethereum to its lineup.
- Research & Support: Backed by a 90+ team with institutional expertise (e.g., BlackRock, Meta).
FAQ Section
Q: When will the Bitwise XRP ETP launch?
A: Pending SEC effectiveness and Form 19b-4 approval—no confirmed timeline yet.
Q: How does XRP’s utility differ from Bitcoin?
A: XRP focuses on payments and institutional DeFi, whereas Bitcoin is primarily a store of value.
Q: What risks should investors consider?
A: Crypto volatility, regulatory changes, and adoption hurdles are key factors.
👉 Learn more about ETPs and crypto investment risks
About Bitwise
Bitwise is America’s largest crypto index fund manager, serving financial advisors and institutions since 2017. With offices in San Francisco, New York, and London, it combines asset management rigor with deep crypto ecosystem ties.