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Bitwise and Grayscale disclosed the fees for the XRP and Dogecoin Spot ETF, which may launch without SEC approval.
PANews, November 4th news, according to The Block, Bitwise plans to charge a 0.34% fee for the Bitwise XRP ETF, while Grayscale charges a 0.35% fee for its XRP and Dogecoin ETFs. Both companies have previously launched SOL Spot ETFs, with Bitwise raising approximately $56 million on its first day. Against the backdrop of a U.S. government shutdown and limited SEC manpower, institutions can submit S-1s without a “delaying amendment” and meet listing standards, allowing products to automatically take effect after 20 days, which means some encryption ETFs may be listed without prior SEC approval. NovaDius states that the first XRP Spot ETF may be seen within two weeks.