The US Securities and Exchange Commission (SEC) has issued an official Notice of Effectiveness for Bitwise XRP ETF, registration number 333-282465, confirming the document’s effectiveness dat
The US Securities and Exchange Commission (SEC) has issued an official Notice of Effectiveness for Bitwise XRP ETF, registration number 333-282465, confirming the document’s effectiveness date as September 28. Bitwise also submitted its final 424B3 prospectus on the same day, marking the completion of a paperwork cycle that had attracted heightened interest earlier this month.
The SEC filing does not signal the approval of a new XRP ETF. Bitwise’s product has already been trading on NYSE Arca under the ticker “XRP” since November 19, 2025, making the distinction critical for investors and analysts tracking recent filings.
On September 18, Bitwise submitted Post-Effective Amendment No. 2, but at that time, the documentation was still classified as a preliminary prospectus. The filing clearly indicated that shares under this registration statement could not be sold until it became effective, a process finalized by the recent SEC notice.
The timing of this amendment filing coincided with a 7.7% rise in XRP prices, sparking confusion in the market as to whether Bitwise had secured new ETF approval. The core event, however, was a procedural amendment rather than the debut of a new trading product or exchange listing.
Bitwise’s final prospectus maintains the structure of the existing fund: it directly holds XRP, employs Coinbase Custody to safeguard assets, and relies on BNY Mellon for critical administrative roles. The annual expense ratio remains at 0.34%, consistent with previously disclosed custody and fee details.
The notice’s main purpose is to confirm that the registration amendment is now effective, rather than to announce any new launch or exchange approval. This clarification comes as institutional participation in XRP ETFs continues to expand, with US-listed funds now holding over 1 billion XRP in aggregate.
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The recent paperwork underlines an important procedural step for Bitwise’s ETF, not a new industry milestone. While institutional capital continues flowing into XRP ETFs, the SEC’s latest notice serves primarily as a regulatory update.
Participants in the crypto market remain focused on both administrative updates to existing products and emerging trends in niche digital assets, as new technologies and platforms reshape the trading environment.
US-based XRP ETFs surpassed 1 billion XRP in held assets recently, signaling ongoing institutional engagement with the asset class even as regulatory processes follow established protocols.
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