#XRPETF The race to launch an Xrpexchange-traded fund (ETF) is intensifying in 2025, with several major asset managers pursuing regulatory approval amid shifting legal and market dynamics.

Bitwise Asset Management has taken a leading role by filing a registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot XrpETF. The proposed fund aims to provide direct exposure toXrp, the digital asset used for cross-border payments on the XrpLedger. The SEC acknowledged Bitwise's application in February 2025, initiating a formal review process that could span up to 90 days