SEC ETP Review Highlights Growing Institutional Attention to Cryptocurrencies Including $XRP .

Ripple Backs Bitwise XRP ETP, Showing Confidence in XRP Market Potential.$XLM $DOGE

BITW ETP Change Could Increase XRP’s Role in Regulated Cryptocurrency Investment Portfolios.

The U.S. Securities and Exchange Commission (SEC) has approved NYSE Arca’s proposal to convert the Bitwise Multi-Coin Fund into an Exchange Traded Product (ETP).

The fund, which holds XRP, reflects growing institutional interest in cryptocurrency-backed investment products. The SEC’s notice triggers the regulatory process to approve the conversion.

If approved, the move would further solidify XRP’s position in the cryptocurrency market. Ripple plans to invest in the renamed Bitwise Physical XRP ETP, showing its confidence in XRP’s future.