Ripple CEO Brad Garlinghouse humorously reacts as NYSE Arca files to list the Bitwise 10 Crypto Index Fund (BITW), which contains multiple crypto assets like XRP and Bitcoin, as an exchange-traded product (ETP).
Yesterday, Bitwise disclosed that NYSE Arca filed a 19b-4 application with the U.S. SEC seeking to list BITW as an ETP. It described the filing as its latest effort to convert the world’s first and largest index fund into an ETP structure.
