#XRPETF In October 2024, Bitwise Asset Management filed with the U.S. Securities and Exchange Commission (SEC) to launch the first spot XRP exchange-traded fund (ETF). This ETF aims to provide investors with direct exposure to XRP, the digital asset powering the XRP Ledger, renowned for its efficiency in cross-border payments. The filing asserts that XRP is not a security, challenging the SEC's longstanding position. BNY Mellon is designated as the trust's administrator, while Coinbase Custody will serve as the custodian. This move follows the SEC's earlier approvals of spot Bitcoin and Ethereum ETFs, indicating a potential shift in regulatory stance towards crypto assets. (Bitwise files SEC paperwork to launch spot XRP ETF - Blockworks, Crypto asset manager Bitwise files for XRP ETP with securities regulator, Bitwise Files for First XRP Exchange-Traded Fund, Bitwise files registration for a spot XRP ETF | The Block)