XRP Surges 8% Amid Misleading Bitwise SEC Filing

The price of XRP has surged by 8.42% over the past 24 hours, outpacing both Bitcoin and Ether in a strong crypto rally.

However, not all is as it seems with this sudden jump: a recent Bitwise SEC filing has been misinterpreted as a new ETF approval, but it's actually just an update to an existing fund.

The amendment registers no additional securities, only updating the disclosure mechanics and adding later reports by reference. The economics of the fund remain unchanged, charging 0.34% annually and holding XRP with Coinbase Custody.

Despite this, the Bitwise XRP ETF has already attracted significant capital, with net assets reaching $299.15 million on June 30, a 24% increase from December 2025.