Bitwise Among Seven Firms to Submit Revised Filing for XRP Spot ETF, Indicating Progress in Discussions with the SEC

On the 22nd, multiple asset management firms including Bitwise submitted amended filings (Form S-1) for a cryptocurrency XRP spot Exchange-Traded Fund (ETF). Alongside Bitwise, Grayscale, Canary Capital, CoinShares, Franklin Templeton, 21Shares, and WisdomTree were also part of this coordinated submission. Bloomberg's ETF analyst, James Seyfert, commented, 'It's an expected move but a positive sign,' indicating that the issuers' applications for the XRP ETF have been extensively updated. This suggests ongoing negotiations with the U.S. Securities and Exchange Commission (SEC).