Bitwise正式確認SEC申請SPOT XRP交換基金（ETF）

美國證券交易委員會（SEC）已正式確認了Bitwise的現場XRP交易所交易基金（ETF）的文件

The Securities and Exchange Commission has acknowledged a filing for a spot XRP Exchange-Traded Fund from Bitwise, beginning the regulatory review process for the proposal.

美國證券交易委員會已確認從Bitwise的現場XRP交易所交易基金提交的文件，開始了該提案的監管審查程序。

The proposal, submitted by Cboe BZX Exchange on February 6, seeks to list and trade the Bitwise XRP ETF as a Commodity-Based Trust Share.

該提案由CBOE BZX Exchange於2月6日提交，旨在列出並將位XRP ETF列為基於商品的信任份額。

The acknowledgment triggers a review period that could extend up to 90 days, during which the SEC will evaluate the proposal’s merits and compliance with regulatory requirements.

確認觸發了一個可以延長至90天的審查期，在此期間，SEC將評估提案的優點並遵守監管​​要求。

The agency has requested public comments to be submitted within 21 days of the filing’s publication in the Federal Register.

該機構已要求公開評論在該文件發布後21天內提交聯邦公報。

The proposed ETF aims to offer investors exposure to XRP, the native digital asset of the XRP Ledger, through a traditional financial product.

擬議的ETF旨在通過傳統的金融產品為投資者提供XRP XRP的投資者XRP。

XRP currently ranks as the third-largest cryptocurrency by market capitalization, trading at approximately $2.52 at the time of the filing.

XRP目前按市值排名為第三大加密貨幣，在提交時的交易約為2.52美元。

Bitwise’s proposal emphasizes XRP’s primary function as a tool for fast, low-cost cross-border payments, setting it apart from Bitcoin and Ethereum, which are commonly viewed as stores of value.

Bitwise的提案強調XRP的主要功能是快速，低成本跨境支付的工具，將其與比特幣和以太坊區分開來，通常被視為價值存儲。

The filing draws attention to similarities between XRP’s market characteristics and those of Bitcoin and Ethereum, both of which received SEC approval for spot ETFs in January and July 2024, respectively.

該文件引起了人們對XRP市場特徵與比特幣和以太坊的相似之處的關注，分別在2024年1月和2024年7月獲得了SEC批准SEC ETF。

The submission also references the SEC vs. Ripple Labs court decision, which determined that programmatic sales of XRP did not constitute securities transactions. This legal precedent plays a key role in the ETF proposal’s regulatory framework.

提交還引用了SEC與Ripple Labs法院的裁決，該決定確定XRP的程序銷售不構成證券交易。該法律先例在ETF提案的監管框架中起著關鍵作用。

If approved, the Bitwise XRP ETF would provide investors with regulated access to XRP investment while removing the need for self-custody. Trading on a regulated exchange would ensure price transparency and streamline market entry and exit processes.

如果獲得批准，位XRP ETF將為投資者提供受監管的XRP投資訪問權，同時消除了自我顧客的需求。在受監管的交易所進行交易將確保價格透明度和簡化市場進入和退出流程。

The filing suggests that competition among ETF providers could lead to lower management fees compared to existing over-the-counter crypto funds, potentially benefiting investors seeking exposure to the digital asset.

該文件表明，與現有的非處方加密基金相比，ETF提供商之間的競爭可能會導致管理費，這可能會使尋求接觸數字資產的投資者受益。

Bitwise’s application joins a growing list of spot XRP ETF proposals. The SEC has already acknowledged filings from 21Shares and Grayscale, while submissions from Canary Capital and WisdomTree still await acknowledgment.

Bitwise的應用程序加入了越來越多的點XRP ETF建議列表。 SEC已經確認了21shares和Grayscale的文件，而Canary Capital和Wisdomtree的提交仍在等待承認。

The broader development of crypto-focused ETFs has expanded under the crypto-friendly Trump administration.

在加密貨幣友好的特朗普政府下，以加密貨幣為中心的ETF的更廣泛的發展擴大。

A newly established crypto task force, led by Republican SEC Commissioner Hester Peirce, has been assigned to clarify which crypto assets qualify as securities.

由共和黨SEC專員Hester Peirce領導的新成立的加密特遣部隊已被任命為澄清哪些加密貨幣資產有資格為證券。

Bloomberg ETF analysts have assigned a 65% probability of approval for XRP-based exchange-traded products, reflecting cautious optimism in the market.

彭博ETF分析師分析了基於XRP的交易所交易產品的65％批准概率，反映了市場上謹慎的樂觀情緒。

The 19b-4 filing represents the second phase of a two-step process required for proposing a crypto ETF to the SEC. Following acknowledgment, the filing will be published in the Federal Register, officially beginning the agency’s approval process.

19b-4歸檔是向SEC提出加密ETF所需的兩步過程的第二階段。確認後，該文件將在聯邦公報上發表，正式開始該機構的批准程序。

During the review period, the SEC maintains several options: they can approve the proposal, reject it, or “institute proceedings” for further evaluation. This process aligns with the approach taken in previous crypto ETF approvals.

在審核期間，SEC保留了幾種選擇：他們可以批准該提案，拒絕該提案或“提起訴訟”以進行進一步評估。此過程與以前的加密ETF批准中採取的方法保持一致。

If approved, the Bitwise XRP ETF would join the ranks of spot Bitcoin and Ethereum ETFs already trading on U.S. exchanges, further expanding the range of regulated crypto investment products available to American investors.

如果獲得批准，位XRP ETF將加入已經在美國交易所進行交易的現貨比特幣和以太坊ETF的行列，從而進一步擴大了美國投資者可用的監管加密投資產品的範圍。

The timing of the filing coincides with increased activity in the crypto ETF space, as various issuers attempt to capitalize on recent regulatory successes and the evolving market conditions.

隨著各種發行人試圖利用最近的監管成功和不斷發展的市場狀況，提交的時間與加密ETF領域的活動的增加相吻合。

The market now awaits the SEC’s decision, which will ultimately determine whether XRP becomes the next cryptocurrency to achieve ETF status in the United States.

現在，市場正在等待SEC的決定，該決定最終將確定XRP是否成為在美國實現ETF狀況的下一個加密貨幣。