Bitwise has updated its filing with the SEC as it moves closer to launching an XRP-based ETF. The updated submission clarifies the trust’s structure, including the use of cold storage for most XRP holdings to enhance security, and outlines the processes for creating and redeeming shares in “Baskets” of 10,000 units. The filing also highlights that the fund's future hinges on XRP’s regulatory status, noting that if XRP is classified as a security, the trust may need to liquidate its holdings. The outcome of the ongoing Ripple vs. SEC case will play a key role in determining whether the ETF can proceed. Source: Beincrypto
