Crypto: Bitwise files the final version of its XRP ETF

A new step has just been taken in the integration of cryptos into traditional markets. Bitwise filed Form 8-A for its XRP ETF on November 19, a clear signal of an imminent listing on the NYSE. The product, awaited by institutional players, could be launched in the coming hours, marking a strategic turning point for XRP and strengthening the legitimacy of cryptos within regulated finance.

A game-changing regulatory filing

Bitwise Asset Management has officially submitted its Form 8-A to the SEC, an essential regulatory step for registering a financial security intended for listing on an American stock exchange, while a historically low level of profit on XRP worries analysts.

This deposit concerns a spot ETF based on XRP, called Bitwise XRP ETF, and could lead to a launch the next day, or even sooner.

The product will potentially be listed on the New York Stock Exchange (NYSE), although no formal announcement has yet been released by the institution. The chosen ticker is simply “XRP”, a strong symbol of simplicity and recognition.

Filing with the SEC is accompanied by several technical elements that confirm the seriousness and maturity of the project:

• The official name: Bitwise XRP ETF;

• Legal form: company registered in Delaware;

• Operational headquarters: Bitwise offices in San Francisco;

• The ticker: “XRP”, identical to the token;

• The type of product: spot ETF, based on the direct purchase of XRP (and not on futures contracts or synthetic instruments);

• Planned listing platform: NYSE Arca;

• Coinbase is in charge of custody of digital assets;

• Regulatory status: all launch conditions are met, although final approval from the exchange is still awaited.

This filing marks a first for XRP, often relegated due to its legal disputes with the SEC. To date, this is the first known XRP spot ETF publicly filed in the United States, making it a potentially structuring precedent for future initiatives in this sector.

A symbolic and strategic breakthrough

Beyond the administrative dimension of the deposit, this Bitwise initiative represents a major strategic step forward for the XRP ecosystem, long marginalized by its troubles with the Securities and Exchange Commission.

If the SEC has not yet issued an explicit authorization, the simple fact that all the regulatory documents have been validated and filed suggests that the possibility of a listing is no longer a distant hypothesis, but an immediate prospect. As Zach Rector pointed out, “this ETF launch could be the biggest ever for XRP on Wall Street”a statement that reflects the hope of a change in status for crypto.

This filing comes at particularly significant timing. XRP is just emerging from a lengthy legal standoff with the SEC, punctuated by partial court rulings in favor of Ripple. In this context, the arrival of an institutional financial product backed by XRP on the NYSE could be seen as a symbolic turning point, or even as a form of implicit rehabilitation of the token in the eyes of traditional investors. Backing an exchange like Coinbase, regularly audited and in compliance with American standards, further strengthens this legitimacy.

This news could have notable impacts on the liquidity and exposure of XRP in institutional portfolios. If the ETF attracts capital, it could contribute to an increase in structural demand, and to an asset revaluation in secondary markets. However, the outlook must be tempered by the absence, at present, of final validation from the NYSE. The future of this product will also depend on the reactions of other regulators and the competitive dynamics with possible XRP ETFs launched by other asset managers.