Bitwise正式确认SEC申请SPOT XRP交换基金（ETF）

美国证券交易委员会（SEC）已正式确认了Bitwise的现场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.

美国证券交易委员会已确认从Bitwise的现场XRP交易所交易基金提交的文件，开始了该提案的监管审查程序。

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.

该提案由CBOE BZX Exchange于2月6日提交，旨在列出并将位XRP ETF列为基于商品的信任份额。

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.

确认触发了一个可以延长至90天的审查期，在此期间，SEC将评估提案的优点并遵守监管​​要求。

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

该机构已要求公开评论在该文件发布后21天内提交联邦公报。

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

拟议的ETF旨在通过传统的金融产品为投资者提供XRP XRP的投资者XRP。

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

XRP目前按市值排名为第三大加密货币，在提交时的交易约为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的提案强调XRP的主要功能是快速，低成本跨境支付的工具，将其与比特币和以太坊区分开来，通常被视为价值存储。

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.

该文件引起了人们对XRP市场特征与比特币和以太坊的相似之处的关注，分别在2024年1月和2024年7月获得了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.

提交还引用了SEC与Ripple Labs法院的裁决，该决定确定XRP的程序销售不构成证券交易。该法律先例在ETF提案的监管框架中起着关键作用。

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.

如果获得批准，位XRP ETF将为投资者提供受监管的XRP投资访问权，同时消除了自我顾客的需求。在受监管的交易所进行交易将确保价格透明度和简化市场进入和退出流程。

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.

该文件表明，与现有的非处方加密基金相比，ETF提供商之间的竞争可能会导致管理费，这可能会使寻求接触数字资产的投资者受益。

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的应用程序加入了越来越多的点XRP ETF建议列表。 SEC已经确认了21shares和Grayscale的文件，而Canary Capital和Wisdomtree的提交仍在等待承认。

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

在加密货币友好的特朗普政府下，以加密货币为中心的ETF的更广泛的发展扩大。

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

由共和党SEC专员Hester Peirce领导的新成立的加密特遣部队已被任命为澄清哪些加密货币资产有资格为证券。

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分析师分析了基于XRP的交易所交易产品的65％批准概率，反映了市场上谨慎的乐观情绪。

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归档是向SEC提出加密ETF所需的两步过程的第二阶段。确认后，该文件将在联邦公报上发表，正式开始该机构的批准程序。

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.

在审核期间，SEC保留了几种选择：他们可以批准该提案，拒绝该提案或“提起诉讼”以进行进一步评估。此过程与以前的加密ETF批准中采取的方法保持一致。

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.

如果获得批准，位XRP ETF将加入已经在美国交易所进行交易的现货比特币和以太坊ETF的行列，从而进一步扩大了美国投资者可用的监管加密投资产品的范围。

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.

随着各种发行人试图利用最近的监管成功和不断发展的市场状况，提交的时间与加密ETF领域的活动的增加相吻合。

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.

现在，市场正在等待SEC的决定，该决定最终将确定XRP是否成为在美国实现ETF状况的下一个加密货币。