CandleFocus Will Bitwise XRP ETF Gain Regulatory Approval?
2024-10-05
Author: Content Editor
Bitwise Asset Management has filed an application for an XRP exchange-traded fund (ETF), despite ongoing legal battles between the SEC and Ripple Labs. Last year, a judge ruled that XRP does not qualify as a security, allowing Ripple to trade XRP legally. However, the SEC has appealed this decision, which could impact Bitwise's ETF plans. The outcome of the SEC's challenge is uncertain, but Ripple executives remain optimistic about the future.
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