Crypto fund manager Bitwise has filed for a spot XRP ETF (exchange-traded fund) that would allow investors to gain exposure to Ripple’s native XRP token. The Bitwise XRP ETF was incorporated on Sept. 30 with CSC Delaware Trust Company listed as the registered agent, according to the filing.

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.

Bitwise Asset Management submitted submitted its new application for the XRP ETF on the State of Division of Corporations website.

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.

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