Bitwise Moves Closer to XRP ETF Launch With Key S-1 Amendment

The path toward launching an XRP exchange-traded fund, or ETF, in the United States has taken a major step forward. Bitwise Asset Management, one of the most active companies in the crypto ETF space, has submitted an updated version of its S-1 filing with the U.S. Securities and Exchange Commission. This update strengthens its effort to list a spot XRP ETF on the New York Stock Exchange, opening the possibility of trading as early as mid-November. The timing matters because traditional financial markets and crypto markets are slowly becoming more connected, and ETFs are one of the clearest signs that digital assets are entering mainstream investing. For everyday investors, these developments make XRP easier to access and understand than ever before.

In late October 2025, Bitwise submitted a revised S-1 form with important details that were missing in earlier drafts. The new version includes the proposed annual fee of 0.34 percent, the use of Coinbase Custody to securely hold the XRP, and the planned ticker symbol for the fund. It also explains how shares will be created and redeemed, which is a key requirement before the SEC gives final approval.

These updates suggest the application is nearing completion. When companies try to launch a new ETF, they often go through several rounds of edits with the SEC. Once all technical gaps are filled, the agency usually issues a response within a few weeks. Because of this pattern, analysts believe the Bitwise product has a real chance of going live around mid-November. The new fee also positions Bitwise to compete with other major players, since keeping costs low is essential for attracting investors.

The reliance on Coinbase Custody is another important detail. Since Coinbase is registered and already oversees billions in crypto assets for institutions, its involvement adds reassurance for regulators who want strong safeguards. It also addresses past concerns about how XRP is tied to Ripple Labs, a topic that attracted scrutiny during the 2023 lawsuit. With that case now resolved and secondary market sales cleared, the environment is more favorable for products like this.

Industry watchers point out that the SEC is gradually becoming more open to digital asset funds beyond Bitcoin and Ethereum. Earlier approvals for ETFs tied to those two assets helped build a roadmap that companies can now follow. At the same time, the agency still wants strong rules in place to prevent market manipulation. This is where XRP’s design helps; its large fixed supply and transparent ledger reduce the chances of hidden trading activity. However, one area the SEC may still watch closely is Ripple’s monthly release of XRP from escrow. These releases could influence price movements and may require additional clarification before final approval.

Even with these considerations, the momentum is clearly different from just a few years ago. Investors have already poured tens of billions into crypto ETFs, showing strong interest in regulated ways to hold digital assets. An XRP ETF could easily attract several billion dollars in its first year if current trends continue.

XRP has spent years building a reputation as a fast and low-cost digital asset for cross-border payments. Banks and payment companies use it to move money between countries more efficiently than traditional systems that take days to settle. As of early November 2025, the price of XRP sits near fifty-eight cents, rising steadily on hopes of ETF approval.

Launching an ETF would make it far easier for institutions, retirement accounts, and financial advisors to add XRP exposure without having to store the tokens themselves. That alone can drive large inflows. When Ethereum ETFs launched, the asset’s trading activity and liquidity grew quickly, and many expect a similar effect for XRP. The token’s strengths fast settlement times, low fees, and clear regulatory status give it a strong foundation as more investors take interest.

XRP’s use in global remittances continues to grow as well, with regions like Japan and the Philippines adopting Ripple’s technology at a rapid pace. As more financial institutions explore blockchain-based payments, XRP could play an increasingly important role. If an ETF brings in fresh capital, it may speed up adoption even further.

Looking Ahead Bitwise XRP ETF Launch

Bitwise’s updated S-1 filing marks an important milestone for XRP and for the broader crypto ETF movement. The clearer details on fees, custody, and trading structure indicate real progress toward approval. If the fund launches in November, it could open the door to widespread institutional participation and help move XRP from a long-debated asset into a fully recognized part of the financial system. As this new phase unfolds, investors now have a more accessible way to evaluate XRP’s potential and decide how it fits into their broader strategy.