On October 16, asset manager Bitwise filed a revised S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for its XRP-focused exchange-traded fund (ETF). This updated statement contains additional information regarding the structure of the trust, asset custody, and procedures for share creation and redemption.

This filing indicates Bitwise’s ongoing commitment to providing investors with a compliant investment vehicle specifically for Ripple’s XRP. The move highlights the steps being taken by financial firms to adapt investment products that align with regulatory standards.

The submission of the updated registration underscores the strategic developments behind Bitwise's effort to launch a successful ETF, aiming to attract investors seeking exposure to XRP.