Bitwise, an asset management company known for its early efforts to birth a bitcoin alternate-traded fund (ETF), is reportedly taking a look to offer every other crypto ETF.

A Sept. 30 filing shows that a statutory belief named “Bitwise XRP ETF” used to be registered on the advise of Delaware’s Division of Companies net net page. A Bitwise spokesperson confirmed the document’s authenticity to CoinDesk, which reported the tips earlier on the present time.

This filing, which lists CSC Delaware Belief Firm as the registered agent, is usually step one within the design of launching an ETF, after which Bitwise can develop a proper utility to the U.S. Securities and Alternate Commission (SEC).

It is rate noting that whereas this advise registration is a really important first step, it does now not command or notify an drawing near near submission to the SEC for final approval.

In November, a spurious filing named “iShares XRP Belief” looked on the identical Delaware net net page, main market participants to deem that BlackRock used to be planning on launching an XRP ETF. The filing remained on the net net page for over six hours, and triggered the impress of XRP to swing 12% better on the day.

However, Tuesday’s files had tiny to no affect on the impress of the Ripple-issued crypto asset. On the time of writing, XRP used to be trading at $0.60, down fair correct over 3% within the final 24 hours amid a drawdown within the broader crypto market.

Earlier this 365 days, Ripple CEO Brad Garlinghouse mentioned “it used to be fair correct a topic of time” earlier than an “inevitable” XRP ETF used to be licensed by the SEC.

Garlinghouse’s statements got right here after the U.S. District Possess Analisa Torres dominated that XRP sold on exchanges did now not qualify as an unregistered securities offering in July 2023. Ripple Labs used to be ordered to pay a $125 million civil penalty for violating securities legal methods with regards to the institutional sales of XRP.

The SEC has till Oct. 7 to explain if it goes to venture the Possess Torres’ ruling from final 365 days.