{"id":575,"date":"2024-10-02T14:32:02","date_gmt":"2024-10-02T14:32:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=575"},"modified":"2024-10-02T14:32:02","modified_gmt":"2024-10-02T14:32:02","slug":"ripple-etf-could-it-happen-bitwises-filing-faces-uncertain-path-amid-regulatory-concerns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=575","title":{"rendered":"Ripple ETF: Could It Happen? Bitwise&#8217;s Filing Faces Uncertain Path Amid Regulatory Concerns"},"content":{"rendered":"<div>\n<p>The S-1 filing by <strong>Bitwise Asset Management<\/strong> for a <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41134111\/after-bitcoin-ethereum-an-xrp-etf-bitwise-registers-filing-in-delaware-amid-rippe-vs-sec-l\">proposed XRP exchange-traded product<\/a> (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). <\/p>\n<p><strong>What Happened<\/strong>: The <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241002270095\/en\/Bitwise-Files-Form-S-1-for-Bitwise-XRP-ETP\">proposal<\/a> seeks to create a fund that directly holds (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/xrp\/usd\">XRP<\/a>), providing investors with exposure to the digital asset.<\/p>\n<p>However, the possibility of this ETF coming to fruition remains clouded by legal and regulatory uncertainties.<\/p>\n<p><strong>Nate Geraci<\/strong>, President of the<strong> ETF Store<\/strong>, <a href=\"https:\/\/x.com\/NateGeraci\/status\/1841278421365572018\">pointed<\/a> out the significance of Bitwise&#8217;s filing in the current crypto market context. \u201cBitwise positioning to file for XRP ETF is highly noteworthy IMO,\u201d he tweeted.<\/p>\n<p>Geraci further emphasized that Bitwise, a credible crypto-native fund firm, is not known for making arbitrary moves. <\/p>\n<p>\u201cThis is strategic,\u201d he added, suggesting that the company&#8217;s application might be influenced by larger market dynamics, including the outcome of the upcoming November elections.<\/p>\n<p>Yet, there are significant roadblocks ahead for this proposed ETF. <\/p>\n<p><strong>Alex Thorn<\/strong>, Head of Research at <strong>Galaxy<\/strong> <strong>Research<\/strong>, <a href=\"https:\/\/x.com\/intangiblecoins\/status\/1841214766607384582\">noted<\/a> a critical juncture approaching in the legal battle between Ripple and the SEC.<\/p>\n<p>\u201cThe SEC has until next week (Oct. 7) to appeal Judge Torres&#8217; July 2023 ruling, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41142958\/ripple-etf-could-it-happen-bitwises-filing-faces-uncertain-path-amid-regulatory-concerns\" alt=\"Ripple\" etf: could it happen bitwise filing faces uncertain path amid regulatory concerns>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The S-1 filing by Bitwise Asset Management for a proposed XRP exchange-traded product (ETP) has sparked debate among investors and analysts regarding its potential approval by the U.S. Securities and Exchange Commission (SEC). What Happened: The proposal seeks to create a fund that directly holds (CRYPTO: XRP), providing investors with exposure to the digital asset. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-575","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=575"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/575\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}