#XRPEF š Bitwise's Spot XRP ETF Filing
In October 2024, Bitwise Asset Management submitted a registration statement (Form S-1) to the U.S. Securities and Exchange Commission (SEC) for a spot XRP ETF, aiming to offer investors direct exposure to XRP through a regulated financial product . The SEC acknowledged this filing in February 2025, initiating a review process that can last up to 90 days .āFXEmpire+4Blockworks+4Bitwise Investments+4Crypto Briefing+1FXEmpire+1
šļø Ripple's Legal Milestone
Ripple Labs achieved a significant legal victory in August 2023 when a federal judge ruled that XRP is not a security when sold to institutional investors. This ruling was a turning point in Ripple's ongoing legal battle with the SEC, which had accused the company of conducting unregistered securities sales. The SEC appealed the case in January 2025, but the initial ruling has bolstered confidence in XRP's regulatory standing .āBloomberg+2ZyCrypto+2Investopedia+2
š£ļø Industry Perspectives
Ripple CEO Brad Garlinghouse has expressed strong confidence in the approval of an XRP ETF, stating it's "just inevitable" . His optimism is echoed by other industry leaders, including Ripple President Monica Long, who also anticipates the approval of a spot XRP ETF