A new milestone has just been reached in the integration of cryptos into traditional markets. Bitwise filed the 8-A form for its XRP ETF on November 19, a clear signal of an imminent listing on the NYSE. The product, awaited by institutional players, could be launched in the next few hours, marking a strategic turning point for XRP and strengthening the legitimacy of cryptos with regulated finance.
In Brief
- •Bitwise has officially filed Form 8-A to launch a spot ETF backed by XRP.
- •This filing marks the final step before a potential listing on the NYSE, expected as early as today or tomorrow.
- •The ETF, named “Bitwise XRP ETF,” is registered in Delaware and operated from Bitwise’s offices in San Francisco.
- •The introduction of this financial product could strengthen XRP’s exposure among traditional investors.
A Regulatory Filing That Changes the Game
Bitwise Asset Management has officially submitted its 8-A form to the SEC, an essential regulatory step to register a financial security intended for listing on a U.S. stock exchange. While an historically low profit level on XRP worries analysts, this filing concerns a spot ETF based on XRP, named Bitwise XRP ETF, and could lead to a launch as early as the following day, or even sooner.
The product will potentially be listed on the New York Stock Exchange (NYSE), although no formal announcement has yet been published by the institution. The chosen ticker is simply “XRP,” a strong symbol of simplicity and recognition.
The filing with the SEC is accompanied by several technical elements that confirm the seriousness and maturity of the project:
- •The official name: Bitwise XRP ETF;
- •The legal form: company registered in Delaware;
- •The operational headquarters: Bitwise offices in San Francisco;
- •The ticker: “XRP,” identical to the token;
- •The product type: spot ETF, based on the direct purchase of XRP (and not futures contracts or synthetic instruments);
- •Planned listing platform: NYSE Arca;
- •Coinbase is in charge of custody of digital assets;
- •Regulatory status: all conditions for launch are met, although final approval from the exchange is still awaited.
This filing marks a first for XRP, often sidelined due to its legal disputes with the SEC. To date, it is the first publicly filed XRP spot ETF in the United States, making it a potentially structuring precedent for upcoming initiatives in this sector.
A Symbolic and Strategic Breakthrough
Beyond the administrative dimension of the filing, this initiative by Bitwise represents a major strategic advance for the XRP ecosystem, long marginalized by its legal troubles with the Securities and Exchange Commission.
Although the SEC has not yet issued explicit authorization, the mere fact that all regulatory pieces have been validated and filed suggests that the possibility of a listing is no longer a distant hypothesis but an immediate prospect. As Zach Rector highlighted, "the launch of this ETF could be the most important ever seen for XRP on Wall Street," a statement reflecting hope for a status change for the crypto.
The launch of this ETF could be the most important ever seen for XRP on Wall Street.
This filing comes at a particularly significant timing. XRP is just coming out of a long legal battle with the SEC, marked by partial court decisions in favor of Ripple. In this context, the arrival of an institutional financial product backed by XRP on the NYSE could be seen as a symbolic turning point, or even as a form of implicit rehabilitation of the token in the eyes of traditional investors. The backing of an exchange like Coinbase, regularly audited and compliant with U.S. standards, further reinforces this legitimacy.
This news could have notable impacts on the liquidity and exposure of XRP in institutional portfolios. If the ETF attracts capital, it could contribute to an increase in structural demand, and to a revaluation of the asset on secondary markets. However, prospects should be tempered by the current lack of final NYSE approval. The future of this product will also depend on reactions from other regulators and the competitive dynamics with potential XRP ETFs launched by other asset managers.