Bitwise Multi-Coin Fund’s ETP Proposal Brings XRP Closer to Mainstream

The U.S. Securities and Exchange Commission (SEC) acknowledged NYSE Arca’s proposal to convert the Bitwise Multi-Coin Fund into an Exchange-Traded Product (ETP). This fund, which holds XRP, reflects growing institutional interest in crypto-backed investment products. The SEC’s notice starts the regulatory process for approving the conversion. If approved, this move would further validate XRP’s position The post Bitwise Multi-Coin Fund’s ETP Proposal Brings XRP Closer to Mainstream appeared first on Coin Edition .

Source: Coin Edition