#XRPETF Bitwise XRP ETF

Bitwise Asset Management filed for a spot XRP ETF in October 2024, seeking to offer direct exposure to XRP without requiring investors to hold the token themselves. The SEC acknowledged the filing in February 2025, initiating a review process that includes a 21-day public comment period and a potential 240-day decision window. The ETF would utilize the CME CF Ripple-Dollar Reference Rate for pricing, with BNY Mellon as administrator and Coinbase Custody as custodian.

Grayscale XRP Trust

Grayscale, in partnership with the New York Stock Exchange, submitted a filing to convert its XRP Trust into a spot ETF. The SEC acknowledged this application in February 2025, marking the first time it responded to an XRP ETF filing amid ongoing legal disputes over XRP's classification. This acknowledgment starts a 240-day review period, during which the SEC will consider public comments and make a decision.