XRP ETF News: Bitwise Filing Update Signals Market Readiness

Bitwise XRP ETF News Update and Solana ETF Institutional Momentum

Is another major crypto Exchange Traded Fund about to hit Wall Street? The latest XRP ETF news suggests Bitwise is getting close to launching its much-anticipated XRP-spot investment product. 

At the same time, Solana Exchange Traded Funds are drawing strong institutional interest, showing where big investors are moving their money next. 

Bitwise Takes the Final Steps 

As per the reports from 1 November, Bitwise has officially updated its XRP ETF filing to include both the exchange (NYSE) and a fee of 0.34%, marking Amendment #4. 

Source: X (formerly Twitter)

According to Bloomberg’s analyst Eric Balchunas, these are usually the “last boxes to check” before a potential launch. 

While it doesn’t guarantee SEC approval, it shows Bitwise is ready to roll once regulators give the green light.

The firm also filed an S-1 amendment that enables an “auto-effective date,” meaning the fund could start trading within 20 days if approved. This move removes the “delaying amendment” clause, allowing Bitwise’s XRP-spot Exchange Traded Fund to go live faster than others. 

Bloomberg’s James Seyffart noted that Bitwise’s filing includes shorter language, which might make it one of the first XRP ETFs to launch. 

Institutional Interest Builds 

Recent news also ties into a broader wave of institutional activity around the token. 

Armada Acquisition Corp. II has rebranded with a $1 billion treasury strategy, turning this altcoin into a more regulated institutional asset. 

On top of that, Virtu Financial disclosed $63 million in this crypto holdings, signaling growing confidence among large investors.

XRP price also managed to rebound 1.04% in the past 24 hours, from recent lows, while technical charts hint at support around $2.50 and upside targets nearing $2.73 if momentum remains alive. 

Source: CoinMarketCap

The fresh positivity comes on the heels of increasing anticipation for ETFs and a general shift toward regulated investment products in this altcoin. 

Solana ETF Inflows Signal Altcoin Momentum

While this altcoin investment product takes the spotlight, Bitwise's Solana ETF (1BSOL) registers explosive traction: Inflows of $44.48 mn in a single day and $197 mln of cumulative net inflows as of October 31, according to data from SoSoValue; Total assets also surged to $408.8 million, way beyond Grayscale's $101 million Solana fund.

Source: Sosovalue

This surge suggests that investors are diversifying away from Bitcoin and Ethereum, with Solana emerging as a top choice in institutional portfolios. 

Analysts have termed this a "smart money move" due to large funds positioning themselves in the search for high growth in alternative digital assets.

What's Next for XRP ETF and Market Outlook

XRP ETF news is bringing to light the regulators' optimism that more crypto Exchange Traded Funds will soon get approvals. If the Bitwise XRP ETF is launched, it will be another significant step towards the mainstream acceptance of cryptocurrency, comparable to the Solana and Ethereum ETFs that were certified earlier in the year.

Investors are now looking for the next decision of the SEC that could unlock inflows similar in nature to what Solana is experiencing. With institutional attention on the increase, clear cut filings, and very strong technical support, the altcoin will likely soon rejoin the list of top performing digital assets.

Final Thoughts

This news is a huge shift in market sentiment. Bitwise's strategic updates in their filings, together with the sky-high Solana ETF inflows, underpin that institutional investors are silently building up positions for the next big wave in crypto adoption.