Bitwise Asset Management has made significant progress toward launching an XRP ETF with formation of a new trust today.

Bitwise's XRP ETF application was filed on Sept. 30th in the state of Delaware, Fox Business journalist, Eleanor Terrett shared on X late Tuesday.

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

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

Bitwise has officially filed for an XRP exchange-traded fund in Delaware, raising excitement in the cryptocurrency market. Though the filing doesnt confirm an SEC submission, many speculate it could lead to