Bitwise Asset Management revises ETFs to include US Treasuries for better risk management using a trend-following strategy.

Bitwise submitted an S-1 registration Wednesday to the U.S. Securities and Exchange Commission, taking the first step toward rolling out an exchange-traded fund tied to XRP (XRP-USD), the cryptocurrency associated with Ripple.

Bitwise Asset Management has filed an application for a U.S.-based exchange-traded fund based on the price of XRP, the world's seventh largest cryptocurrency by market value. The Bitwise XRP ETP will directly hold XRP, according to Bitwise's S-1 registration statement to the Securities and Exchange Commission on Wednesday.

Bitwise, already an issuer of spot Bitcoin and spot Ethereum ETFs, filed for an $XRP ETF, triggering excitement in the crypto community and marking the first step in what Ripple CEO Brad Garlinghouse previously predicted was an "inevitable" wave of crypto ETFs.

Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

Bitwise has confirmed plans to launch an XRP exchange-traded fund (ETF), confirming the authenticity of an application with the state of Delaware.

Bitwise takes a significant step toward an XRP ETF with a new trust filing in Delaware, signaling potential new investment avenues.

Crypto asset manager Bitwise has filed an initial registration statement with the U.S. SEC for an exchange-traded product for XRP tokens, as it seeks to introduce more crypto products after a landmark regulatory decision to approve spot bitcoin ETF earlier this year.