On October 7, the SEC announced that Ripple 
$0.62915 The appeal period in the case is running out and if the SEC does not appeal, the case is over. Now, in such a critical week, we see that Bitwise has applied for an ETF for XRP Coin. The application can be verified on the Delaware website.
XRP Coin ETF
XRP Coin price quickly dropped below $0.61 on the ETF news. When we checked the platform to confirm the application rumor, we were able to access the filing. However, previously BlackRock XRP Coin It was claimed that he had applied for ETF, and this application appeared in Delaware systems. Then, the authorities announced that a fake application was made and an investigation was opened into the matter.
Now, although the parties do not make a statement about the authenticity of the application, if we do not see a second fake application incident, we can say that Bitwise has started the XRP Coin ETF process. In a few hours XRP Coin An increase in price volatility is likely. Bitwise is a well-known crypto ETF issuer and if it approves the application, the price of XRP Coin is likely to rise rapidly.
It also seems difficult for the SEC to approve the XRP Coin ETF after losing the case, at least as long as Gensler is there. Gensler will likely remain in his seat until March 2025 if Trump does not win the election.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
