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SEC confirms effectiveness of Bitwise XRP ETF registration, clarifying no new approval given.

Market News
02 Oct 2026
Coinpaper
View Source
Bullish
SEC confirms effectiveness of Bitwise XRP ETF registration, clarifying no new approval given.

The SEC issued a Notice of Effectiveness for Bitwise's XRP ETF registration, confirming it became effective on September 28. This notice is not an approval of a new XRP ETF but an update to paperwork for an existing product trading since November 2025 under the ticker XRP on NYSE Arca. The final prospectus maintains the fund's structure, including direct XRP holdings, Coinbase Custody safeguards, and a 0.34% expense ratio. This clarification resolves confusion from a September 18 filing that coincided with a 7.7% XRP price rally, emphasizing the update is administrative rather than a fresh ETF launch. Institutional interest in XRP ETFs continues to grow, with U.S. funds holding over 1 billion XRP combined.

XRP is trading at Rp27.212 on Pluang as of Oct 02, 2026 21:52 WIB, showing a 2.11% increase in the last day. The market cap stands at Rp1.723,01 trillion, with a 24-hour trading volume of Rp66,19 trillion. On Pluang, buying activity dominates at 64%, and the typical holding period is 71 days, indicating steady investor interest following the recent regulatory update.

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