🚀 **Bitwise Files for XRP ETF with SEC!**

Bitwise has taken a major step toward launching an exchange-traded fund (ETF) tied to Ripple's XRP. On Wednesday, the asset manager submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC), a crucial move for companies aiming to issue new securities on public stock exchanges.

- **Background:** This follows Bitwise's recent registration of an "XRP ETF" trust in Delaware.

- **Why It Matters:** XRP is the seventh-largest cryptocurrency, with a market cap of $33 billion.

- **Next Steps:** Approval could take years, as seen with VanEck's ether ETF.

What are your thoughts on this potential XRP ETF? Drop your comments below! 💬