• Bitwise liquidates XRP holdings
    Regulation,  Ripple,  XRP

    Crypto fund manager Bitwise liquidates XRP

    The firm sold its XRP holdings after the SEC claimed in a lawsuit that the cryptocurrency is a security—which can only be sold by registered broker-dealers

    “The Bitwise 10 Crypto Index Fund does not invest in assets that are reasonably likely to be deemed securities under federal or state securities laws,” the company said. “Bitwise's decision to liquidate its position in XRP was based on consideration of new public information from the SEC's complaint.”