Bitwise Amends XRP ETF Filing, No New Fund Approval from SEC

XRP surged by 7.69% on September 18 to $1.40 after Bitwise Asset Management submitted an amended filing related to its XRP ETF with the Securities and Exchange Commission.

The update, a Post-Effective Amendment No. 2, did not mark the approval of a new exchange-traded fund but rather modified an existing product.

The SEC's public filing described the change as 'subject to completion,' clarifying that Bitwise's filing pertained to its current XRP ETF and not a completely new application.