#Bitwise Updates XRP ETF Application with Key Details$XRP

Bitwise has submitted Amendment No. 4 to its XRP ETF application with the U.S. Securities and Exchange Commission (SEC), which includes two key updates: listing the exchange venue as the New York Stock Exchange (NYSE) and setting the management fee at 0.34%. These updates are typically among the last steps in the ETF approval process, signaling Bitwise's readiness to launch the XRP ETF if the SEC grants approval. The amendment reflects structural clarifications such as custody measures (majority of XRP holdings in cold storage) and share creation/redemption processes, enhancing security and operational transparency.

Experts, including Bloomberg's Eric Balchunas, interpret these updates as major progress toward getting the ETF approved, with potential for the ETF to go live within about 20 days of final SEC clearance. This move is part of a broader institutional interest in XRP and growing momentum toward making XRP spot ETFs available in November 2025. Bitwise's filing also appoints a Prime Execution Agent to manage XRP purchases/sales on major platforms, ensuring efficient order execution.

In summary, Bitwise's updated XRP ETF application details the NYSE as the listing exchange and sets a 0.34% management fee, firming up the ETF's structure and signaling it is close to final SEC approval and launch.tradingview+5​

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