#TrumpTaxCuts

The race to launch an exchange-traded fund (ETF) for Xrp intensifies in 2025, with several major asset managers seeking regulatory approval amid the changing dynamics of laws and the market.

Bitwise Asset Management has taken a prominent role by submitting a registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot Xrp ETF. The proposed fund aims to provide direct exposure to Xrp, 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 last up to 90 days.