Key takeaways
- New guidance from the SEC’s Division of Corporation Finance could quietly speed up the review process for ETF issuers, including Bitwise.
- Bitwise is one of the leading candidates with its spot XRP ETF application under review.
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Bitwise’s XRP ETF (XRP) could hit the U.S. market shortly after the launch of the Canary
The updated regulatory guidance aims to clarify how issuers can manage filing procedures during the post-closure period, which could shorten review times for certain exchange-traded fund applications that have been delayed by the backlog.
The SEC’s latest FAQs explain that issuers that filed or amended their registration statements without a deferred amendment during the shutdown may request acceleration once the division reopens.
Bitwise has announced a competitive fee structure for its XRP-based product, offering a low management fee of 0.34% to attract investors.
