Bitwise’s fourth amended XRP ETF application adds NYSE trading details and a fixed 0.34% annual fee, marking one of the final steps toward regulatory approval.
Bloomberg ETF analyst Eric Balchunas stated that Bitwise has filed its fourth amendment for an XRP ETF, including plans to list the product on the New York Stock Exchange and apply a 0.34% yearly management fee. Balchunas noted these amendments are usually among the last procedural requirements before an ETF can be approved.