Bitwise, Grayscale reveal fees for XRP and Dogecoin ETFs as firms push ahead to launch without SEC’s green light

Bitwise and Grayscale have revealed the management fees for their proposed XRP exchange-traded funds (ETFs), with Bitwise setting its fee at 0.34% and Grayscale at 0.35%. Grayscale also disclosed the same 0.35% fee for its Dogecoin ETF. These firms are moving forward with launching these products, similar to their recent SOL ETFs, potentially without the explicit approval of the U.S. Securities and Exchange Commission (SEC).

This non-traditional launch route is facilitated by the current government shutdown, which has left the SEC with limited staff. The agency had previously approved listing standards that allow firms to file an S-1 registration statement without a delaying amendment. This procedural allowance means that if the S-1 is final and meets listing standards, the ETF could go live after 20 days without the SEC needing to issue final approval.

Industry experts suggest these XRP ETF launches, coming after the SEC's past litigation against Ripple, signal a shift in regulatory sentiment. Bitwise's SOL ETF saw significant initial inflows, suggesting high market interest in these newly structured crypto products.

(Source：The Block)