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Bitwise plans to launch a Spot XRP ETF with a fee rate set at 0.34%.
According to the Gate News bot, the filing submitted to the SEC shows that the management fee rate for Bitwise's XRP Spot ETF has been set at 0.34%.
This move marks Bitwise's official entry into the spot cryptocurrency ETF application sequence. The product is planned to be traded on the NYSE Arca, and the fund is named “Bitwise XRP Trust”.