SEC Confirms Bitwise XRP ETF Effectiveness Amid Market Uncertainty
The SEC's Notice of Effectiveness has confirmed that Bitwise's XRP ETF (reg. no. 333-282465) became effective on Sept. 28, but this is not a new approval for an XRP ETF.
This clarification comes after a post-effective amendment filed by Bitwise on Sept. 18 coincided with a 7.7% XRP rally, which sparked confusion about whether the company had received a fresh ETF approval.
The Bitwise XRP ETF has been trading on NYSE Arca under ticker XRP since Nov. 19, 2025, and the recent filing was an update to its existing registration rather than a new product launch.
The fund's structure remains unchanged, with direct XRP holdings, Coinbase Custody for safeguarding tokens, and BNY Mellon for administrative functions. Its annual expense ratio is still 0.34%.