SEC may postpone XRP ETF debut

XRP ETF may start in the US after Bitwise filed with Delaware.

Asset managers frequently form a trust before filing an SEC crypto ETF.

The XRP ETF's prospects depend on whether the SEC appeals its Ripple Lab verdict.

Bitwise may create an XRP ETF after filing with the Delaware Division of Corporations on Monday. The SEC filing showed that the corporation had organized a trust before registering for an XRP ETF.

BitwiseInvest has filed for a Delaware $XRP ETF.

Fox Business Eleanor Terrett said that Bitwise CIO Matt Hougan verified the filing with the asset management to clarify the product tomorrow.

SEC may postpone XRP ETF debut.
The action follows Judge Analisa Torres' decision to punish Ripple $125 million instead than the $2 billion asked by the SEC.

The Judge also ruled that public exchange sales of XRP were not securities transactions, but institutional sales may be.

If the SEC appeals Judge Torres's verdict before the end of the week, an XRP ETF is possible. A product appeal might drastically reduce SEC approval odds.

Ripple Labs CEO Brad Garlinghouse hinted about an XRP ETF earlier this year.

"An XRP ETF is inevitable. "I expect it in 2025," he remarked.

The projection is optimistic, but the SEC might delay an XRP ETF even if it fails to appeal its Ripple Labs case. After years of delay, the government approved Bitcoin and Ethereum ETFs this year.

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