News View Non-AMP

XRP News: Santiment Shares Insight About Bitwise’s ETP Plan

Published by
Vijay Gir

Bitwise Asset Management has boosted community confidence by filing for XRP ETP. Earlier the firm made announcements about launching an ETF, however amidst the ongoing SEC vs Ripple case, they decided to go with the ETP option. The market intelligence platform Santiment shared insights about XRP ETP filling by Bitwise. Let’s explore what they have to share.

Why the Shift from XRP ETF to ETP?

The switch from an ETF to an ETP gives Bitwise more flexibility. This is especially important since XRP has been ruled a non-security. The ETP might help Bitwise avoid regulatory hurdles, unlike an ETF. This change in plan could boost approval chances of this XRP product. It might get SEC approval by late 2024 or early 2025.

Whale Activity and Sentiment Indicators

On October 1, there were 145 whale transactions, each exceeding $1 million. Whale activities signal for a big future move as big players get ready for the shift. This could also be an indication of an upcoming bullish trend for XRP. Social sentiment has been overwhelmingly positive and this could be dangerous for traders. When the crowd gets too optimistic, there are chances of price correction.

XRP’s Future: What to Watch For

While the filing boosts optimism, traders must remember that market reality may not match investor hopes. XRP’s price rose after the news, but delays in SEC decisions or lower-than-expected adoption could dampen enthusiasm. Ripple’s ongoing battle with the SEC adds uncertainty as the Commission has filed appeal against August 7 court ruling. The shift from an ETF to an ETP may reduce some regulatory risks, but the outcome is still uncertain.

Vijay Gir

Vijay Gir is a Certified Blockchain Expert with over 8 years of experience in the blockchain industry. He has a deep passion for sharing his knowledge of blockchain, cryptocurrency, and web3 technologies. For the past 7 years, Vijay has been dedicated to writing about these transformative topics, helping others stay informed and understand the evolving landscape of decentralized technologies.

Recent Posts

Solana Enters a Crucial Zone: Here’s When the SOL Price May Hit a New ATH Above $300

Solana (SOL) is navigating a pivotal market phase as it hovers near a critical resistance…

July 31, 2025

Fed Holds Interest Rates Steady, Citing Trump’s Tariffs Despite Push for Cuts

The Federal Reserve has decided to keep its key interest rate steady at around 4.25%-4.5%,…

July 31, 2025

This Altcoin is at the Foothill of a Massive Explosion—Will it Follow Bitcoin & Smash a New ATH in 2025?

Litecoin (LTC) price has shown renewed momentum in recent sessions, staging a steady upward move…

July 30, 2025

Pump.fun (PUMP) Price Prediction: Can Solana Memecoin Rebound Toward $0.004 in 2025?

Pump.fun’s native token, PUMP coin, is currently trading near $0.0026, following a volatile post-ICO phase.…

July 30, 2025

163 Pages, No Clarity: U.S. Crypto Report Raises Eyebrows Over Unaddressed Bitcoin Reserve

The White House has released a 163-page strategy outlining its approach to cryptocurrency policy, but…

July 30, 2025

XRP Price Prediction For July 30

XRP is currently in a consolidation phase, hovering just below its recent highs while managing…

July 30, 2025