Bitwise XRP ETF

The Bitwise XRP ETF is an exchange-traded product designed to provide direct investment exposure to XRP, less operational expenses and liabilities. Structured as a Delaware statutory trust, it issues common shares that trade on NYSE Arca under the ticker symbol XRP. The trust holds XRP passively without employing leverage or derivatives, valuing its holdings daily against a standardized pricing benchmark derived from trade flow across major digital asset trading platforms. Regulated third parties safeguard the trust's digital assets in segregated, offline cold-storage vaults and administer trust operations. The product serves public investors seeking access to XRP through conventional brokerage accounts, as well as institutional authorized participants that execute share creations and redemptions in large blocks.

Administrative services and facilities for the trust are managed from New York, New York, where the administrator maintains its principal office. The trust operates primarily within the United States securities market under the oversight of its Delaware-based sponsor and trustee.

Summary of the business section of Bitwise XRP ETF's latest annual report, written by StockData.