Bitwise has formally filed for a spot XRP exchange-traded fund (ETF), marking an important step in the cryptocurrency investment landscape following the recent settlement between Ripple Labs and the SEC, which many investors believe paves the way for future ETF approvals. Despite the filing, no XRP ETF has yet been approved in the United States, as potential regulatory challenges remain, particularly from the SEC, which may influence the timeline for approval. Ripple's CEO envisions an XRP ETF as inevitable, with projections suggesting a possible launch in 2025, yet the market dynamics and SEC actions will play a crucial role in determining the timeline.

• Bitwise has submitted an official registration for a spot XRP ETF in Delaware, as confirmed by its Chief Investment Officer.

• The filing was initiated despite the lack of prior approval for a Ripple XRP ETF in the United States.

• Following the settlement between the SEC and Ripple Labs, many investors are optimistic about the potential for XRP ETF approvals.

• The cryptocurrency market has experienced recovery, with XRP increasing by 9% in the past month, partly attributed to ETF-related news.

• There are concerns that the SEC may appeal the recent court decision involving Ripple, which could impact potential ETF approvals.

• Solana's cryptocurrency is being considered as a potential contender for ETF approval, possibly ahead of XRP.

• Bitwise is expected to be among several firms seeking to file for XRP ETFs, indicating growing institutional interest in XRP as an investment vehicle.

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