XRP ETF Filing Goes Public: How Will This Affect The Price?

Bitwise has taken a significant step towards launching an exchange-traded fund (ETF) linked to XRP, the cryptocurrency associated with Ripple.

A Bitwise management firm filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) on Wednesday, kicking off the formal procedure for companies to issue new securities and list them on public exchanges.

This filing follows Bitwise’s recent establishment of a trust entity named “XRP ETF” in Delaware, further solidifying its commitment to bringing this financial product to market.

However, filing the S-1 form with the U.S. Securities and Exchange Commission (SEC) is just the first step in Ripple’s XRP ETF launch. The document holds little significance unless followed by another filing, known as the 19b-4, which is necessary to request a required rule change at the stock exchange seeking to list the investment. If approved, however, Ripple’s XRP ETF would join the ranks of Bitcoin and Ethereum ETFs, making it easier for mainstream investors to access the token.

As the filing is processed by the SEC, we can expect further updates on the development of XRP ETF. In the meantime, let’s take a closer look at another promising project in the ETF market.

ETFS Presale Gaining Momentum: A New Way to Trade XRP ETFs

A new blockchain project is turning heads in the ETF market with its ability to tokenize ETFs, including XRP ETFs when they launch. ETFSwap (ETFS) blends decentralized and traditional finance, providing users with enough liquidity for trading tokenized ETFs, perpetuals, and futures.

Unlike traditional ETF trading brokers, ETFSwap (ETFS) offers traders an easy to use platform to enhance trading experience. For starters, traders can enter and exit trading positions anytime, managing their crypto and ETF investments more effectively.

Additionally, the platform features advanced AI-powered tools such as the ETF Tracker and ETF Screener. These powerful tools help traders identify promising ETFs like the new XRP ETF, and analyze price movements based on real-time market data and trends. These tools also help traders to customize their trading strategies based on their individual preferences and needs.

ETFS also offers a platform that prioritizes robust security and privacy for its users, ensuring a safe trading environment. The platform employs Zero Knowledge Proofs (ZK) to guarantee secure on-chain transactions.

The platform has also partnered with MiCa compliant institutions to ensure that the tokenized assets are as good as the underlying world securities giving assurance to the users about their investments.

As excitement increases around XRP ETFs as ETFS’s ability to tokenize them, the platform has gained significant traction. In just a few months, ETFSwap (ETFS) has raised over $6 million in revenue and sold over 700 million tokens during the presale. Analysts expect the price of the ETFS token to grow to a whopping 1000% in the coming months.

For more information about the ETFS Presale:

Visit ETFSwap Presale | Join The ETFSwap Community

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