Bitwise has submitted an updated filing to the SEC for launching an XRP-based ETF. The filing refines details on the Trust's structure, custody arrangements, and creation and redemption mechanisms. The XRP Custodian will primarily use cold storage for asset storage, while the Prime Execution Agent will facilitate trades across various venues. Bitwise acknowledges regulatory uncertainties surrounding XRP and states that if XRP is classified as a security, the Trust may need to liquidate its holdings. The SEC's decision on the Ripple ruling appeal will determine the fate of the Bitwise XRP ETF launch.



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