S-1 Amendment Fuels November NYSE Debut for XRP Spot ETF
Bitwise Asset Management has filed Amendment No.4 to its S-1 registration, detailing a 0.34% management fee and New York Stock Exchange listing for its XRP spot ETF. This SEC filing could trigger the 20-day approval window, paving the way for a November launch of the XRP spot ETF. Bitwise joins VanEck, Fidelity and Canary Funds in the race to secure approval as institutional demand grows. REX-Osprey’s XRP ETF has surpassed $100 million in assets, and CME Group plans XRP derivatives, following the success of US Solana spot ETFs with $199.21 million inflows in four days. Trading near $2.50, XRP faces resistance at $2.80 and $3.00, with support around $2.15.
Bullish
The SEC filing of Amendment No.4 by Bitwise Asset Management signals imminent approval for the XRP spot ETF, likely triggering significant institutional inflows. In the short term, traders may see increased trading volumes and price volatility around the approval timeline and key technical levels at $2.15 support and $2.80–$3.00 resistance. Over the long term, the entry of major ETF issuers alongside proven demand—evident from REX-Osprey’s $100 million assets and Solana ETF inflows—could broaden market participation and drive sustained price appreciation for XRP. Overall, the news is bullish for XRP.