Bitwise Asset Management has filed a detailed 107-page report with the U.S. Securities and Exchange Commission (SEC) for its XRP-backed exchange-traded fund (ETF). This filing marks a significant step for XRP as it transitions towards structured institutional involvement. The report provides transparency into the fund's operations, highlighting its single-asset structure backed solely by XRP, with pricing based on the CME benchmark and custody managed by Coinbase. The Bitwise XRP ETF has seen robust demand, with $267 million in new share creations, contributing to its rapid growth as one of the largest U.S.-listed spot XRP funds. Total assets under management for U.S. spot XRP ETFs have reached approximately $1.08 billion, with consistent weekly inflows of around $10 million. The SEC filing enhances the fund's credibility, offering investors insights into its structure and risk profile, and signaling a shift towards institutional participation in XRP investments.
Bitwise Files Comprehensive XRP ETF Report Amid $267M Inflows
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