tldr; Bitwise has submitted a second S-1 registration document to the SEC for its Ripple (XRP) ETF. The filing updates the trust structure, custody arrangements, and share mechanisms. It highlights risks similar to direct XRP investments and regulatory uncertainties, especially with the pending SEC appeal over Ripple. Bitwise plans to use cold storage for assets and has appointed a chief executive agent for efficient XRP transactions. The filing also discusses investor protection measures and compliance with federal securities laws.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bitwise has submitted a second S-1 registration document to the SEC for its Ripple (XRP) ETF. The filing updates the trust structure, custody arrangements, and share mechanisms. It highlights risks similar to direct XRP investments and regulatory uncertainties, especially with the pending SEC appeal over Ripple. Bitwise plans to use cold storage for assets and has appointed a chief executive agent for efficient XRP transactions. The filing also discusses investor protection measures and compliance with federal securities laws.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.