Bitwise 更新 XRP ETF 備案，依據代幣分類調整信任結構

Bitwise 在推出基於 XRP 的 ETF 方面又邁出了一步，更新了其向美國證券交易委員會 (SEC) 提交的文件。

Crypto index fund manager Bitwise has updated its application to the US Securities and Exchange Commission (SEC) for an XRP-based exchange-traded fund (ETF).

加密指數基金管理公司 Bitwise 已向美國證券交易委員會 (SEC) 更新了基於 XRP 的交易所交易基金 (ETF) 的申請。

According to the filing, Bitwise has revised its S-1 registration to clarify the structure of the trust, custody measures, and processes for share creation and redemption.

根據文件，Bitwise 修改了其 S-1 註冊，以明確信託結構、託管措施以及股票創建和贖回流程。

The move comes amid ongoing regulatory uncertainty surrounding XRP, which has played a role in the timing of Bitwise's filing to update its application.

此舉是在圍繞 XRP 的監管持續存在不確定性的背景下進行的，XRP 在 Bitwise 提交更新其申請的時間上發揮了重要作用。

Bitwise Updates XRP ETF FilingA key highlight of the new filing is the trust's use of cold storage for the majority of its XRP holdings, ensuring enhanced security. Only a limited amount is moved to hot storage to facilitate efficient basket creations and redemptions when necessary.

Bitwise 更新了 XRP ETF 備案 新備案的一個主要亮點是該信託基金對其持有的大部分 XRP 使用冷存儲，以確保增強的安全性。只有有限的數量被轉移到熱存儲中，以便在必要時促進有效的籃子創建和贖回。

The updated structure of the trust details the process of creating and redeeming shares in blocks of 10,000 units, referred to as "Baskets." The number of XRP required per Basket will be adjusted daily, accounting for any accrued fees or expenses.

更新後的信託結構詳細介紹了創建和贖回 10,000 個單位的股份（稱為「籃子」）的過程。每個籃子所需的 XRP 數量將每天進行調整，以考慮任何應計費用或支出。

Moreover, the XRP Custody Agreement outlines plans to keep the trust's assets separate from the custodian's other holdings. This segregation aims to protect the private keys associated with the XRP and enhance overall security.

此外，XRP 託管協議概述了將信託資產與託管人的其他資產分開的計劃。這種隔離旨在保護與 XRP 相關的私鑰並增強整體安全性。

To streamline trading, Bitwise has appointed a Prime Execution Agent, which will handle the purchase and sale of XRP across major platforms like Bitstamp, Kraken, Coinbase, and LMAX. Their role includes providing short-term financing, known as Trade Credits, to ensure the execution of orders promptly, even if the trust's XRP or funds are temporarily unavailable.

為了簡化交易，Bitwise 任命了一名 Prime 執行代理，負責處理 Bitstamp、Kraken、Coinbase 和 LMAX 等主要平台上的 XRP 購買和銷售。他們的角色包括提供短期融資（稱為貿易信貸），以確保及時執行訂單，即使信託的 XRP 或資金暫時無法使用。

Read More: XRP ETF Explained: What It Is and How It Works

了解更多：XRP ETF 解釋：它是什麼以及如何運作

In related news, Coinbase Global holds a commercial crime insurance policy covering risks such as theft, fraud, and cyber-attacks, adding to the guardrails. Coinbase is affiliated with the Prime Execution Agent and the XRP Custodian. However, Bitwise articulates that this policy stands for all Coinbase customers, limiting its ability to cover specific losses related to the trust.

相關消息稱，Coinbase Global 持有商業犯罪保險，涵蓋竊盜、詐欺和網路攻擊等風險，增加了防範措施。 Coinbase 隸屬於 Prime 執行代理和 XRP 託管人。然而，Bitwise 明確表示，該政策適用於所有 Coinbase 客戶，限制了其彌補與信託相關的特定損失的能力。

The revision builds on the initial S-1 form submitted on October 2, which marked Bitwise's first formal attempt to introduce an XRP ETF to the US market. Canary Capital is another firm pushing for this financial instrument, with rising interest sidestepping a possible Solana ETF.

此次修訂以 10 月 2 日提交的初始 S-1 表格為基礎，這標誌著 Bitwise 首次正式嘗試將 XRP ETF 引入美國市場。 Canary Capital 是另一家推動這種金融工具的公司，隨著興趣的上升，人們迴避了可能的 Solana ETF。

Bitwise Trust Hinges On XRP Token ClassificationThe update also highlighted ongoing regulatory uncertainties surrounding XRP. Bitwise cautioned that if XRP is classified as a security, the trust may be forced to liquidate its holdings. The outcome of the SEC's appeal in the Ripple case will significantly influence the future of the Bitwise XRP ETF.

Bitwise 信任取決於 XRP 代幣分類此更新也強調了圍繞 XRP 的持續監管不確定性。 Bitwise 警告稱，如果 XRP 被歸類為證券，信託可能會被迫清算其持有的資產。 SEC 在 Ripple 案件中的上訴結果將顯著影響 Bitwise XRP ETF 的未來。

This decision could directly impact whether the ETF moves forward. In light of this, the update introduced measures to protect investors and ensure compliance with federal securities laws. As BeInCrypto reported, the Ripple vs. SEC case is a lengthy legal battle, potentially extending through July 2027.

這項決定可能會直接影響 ETF 是否繼續前進。有鑑於此，更新引入了保護投資者並確保遵守聯邦證券法的措施。根據 BeInCrypto 報導，Ripple 訴 SEC 案是一場漫長的法律戰，可能會持續到 2027 年 7 月。

Of note, the SEC's appeal, filed on October 2, faces a deadline of Friday, October 18. If the regulator misses this deadline, the appeal could be dismissed.

值得注意的是，SEC 於 10 月 2 日提起的上訴的截止日期是 10 月 18 日星期五。

Read More: How To Buy XRP and Everything You Need To Know

閱讀更多：如何購買 XRP 以及您需要了解的一切

While Bitwise updates its XRP ETF submission, the crypto index fund manager is also making strides with its Bitcoin ETF. The firm's Bitcoin ETF has exceeded $5 billion in AUM, marking significant progress. This milestone applies across its range of beta and alpha investment products, showcasing strong investor interest and growth in its Bitcoin offerings.

在 Bitwise 更新其 XRP ETF 提交的同時，這家加密貨幣指數基金管理公司也在其比特幣 ETF 方面取得了長足進展。該公司的比特幣 ETF 資產管理規模已超過 50 億美元，標誌著重大進展。這一里程碑適用於其一系列貝塔和阿爾法投資產品，展示了投資者對其比特幣產品的強烈興趣和增長。

Bitwise indicated that this represents a 400% surge in 2024. It ascribes the traction to existing and new investors and comes after Luis Berruga's ascension as the company's strategic advisor.

Bitwise 表示，這意味著 2024 年將成長 400%。

“This year, investors have trusted Bitwise to manage billions of dollars of investments in Bitcoin and crypto,” Bitwise CEO Hunter Horsley said.

Bitwise 執行長 Hunter Horsley 表示：“今年，投資者信任 Bitwise 能夠管理數十億美元的比特幣和加密貨幣投資。”

Optimists predict even more growth for Bitwise, with some forecasting its Bitcoin ETF could reach $20 billion in AUM by 2026. This comes after the firm achieved several key milestones in 2024, further cementing its position in the crypto investment space.

樂觀者預測Bitwise 會出現更多成長，有些人預測到2026 年，其比特幣ETF 的資產管理規模可能會達到200 億美元。了其在加密貨幣投資領域的地位。