Wilmington, Del. (October 2, 2024) – The Delaware Division of the Arts’ Mezzanine Gallery presents 2024 Emerging Artist Fellow Brandan Henry’s exhibition, “Ebon Solus” on view from October 4-25, 2024. Guests are invited to attend a Meet-the-Artist Reception on Friday, October 4 from 5:00-7:00 p.m. In “Ebon Solus”, Brandan Henry’s new drawings center solitary […]

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Bitwise has applied for an XRP ETF in the state of Delaware. An anonymous spokesperson has apparently confirmed that the application is genuine.

An XRP ETF is just one of several ETF-related ventures Bitwise has started recently.

A Surprise Filing

Bitwise Asset Management has applied for an entity named Bitwise XRP ETF in the state of Delaware. According to the filing, publicly available on the Delaware Department of State website, Bitwise filed this ETF on September 30. The registered agent for this filing was CSC Delaware Trust Company, which provides compliance services for legal and corporate endeavors.

“Bitwise positioning to file for XRP ETF is highly noteworthy IMO. Bitwise is highly credible crypto-native fund firm that doesn’t just throw stuff at wall. That’s simply not in their DNA. This is strategic,” Nate Geraci, the President of the ETF store, said.

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

This agent’s website claims that Delaware is the preferred location for a variety of corporate filings due to its reputation for business-friendly tax and regulation. In fact, BlackRock filed its Ethereum ETF in Delaware less than one year ago. This location suggests Bitwise is making a genuine effort despite the difficulty of winning regulatory approval.

Already, an anonymous spokesperson from Bitwise has confirmed that the filing is genuine. It will be difficult to predict how the SEC will react at this time, but it’s certainly a surprising development.

The XRP ETF has its supporters, but generally, it is not viewed as the most likely cryptoasset to become the third US ETF.

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

Still, this bold move is very in character for Bitwise. Chief Investment Officer Matt Hougan made publicly bullish statements on new ETF approvals just two weeks ago, and Bitwise acquired a European crypto ETP issuer in August.

A new project like this would fit right in. Ripple’s executives, too, are bullish that the SEC will eventually give an XRP ETF the green light.

“I think it’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a Solana ETF, there’s gonna be a Cardano ETF, and that’s great,” Ripple CEO Brad Garlinghouse stated.

Veteran local journalist Peter Osborne has joined the Delaware LIVE News Group as interim senior editor.

He replaces founding senior editor Betsy Price, who is happily ceding the job but will continue to freelance for Town Square LIVE.

Price expects to enjoy a life free of the multiple daily deadlines required in her 45-year career in journalism in Delaware and Alabama.

“I look forward to seeing how Delaware LIVE evolves with Peter leading the reporting team and the more active involvement of the advisory board,” she said. “And I’m delighted to be able to keep my hand in a little by focusing on the Town Square site.”

Osborne’s appointment comes amid a broader Delaware Live reorganization. The company started publishing in June 2020.

“We were very fortunate to have Betsy shepherd the initial growth of Delaware Live and grateful for her award-winning effort,” said Delaware LIVE owner Chris Kenny. “Given Peter’s extensive background, I am confident we have made the right decision to lead the newsroom forward through the next phase of growth.“

Meet the new editor

Osborne is no stranger to the media group, which owns Delaware LIVE, Town Square LIVE, Milford LIVE, and Chadds Ford LIVE.

In 2023, he wrote a story for Delaware LIVE on the conversion of downtown Wilmington office space to residential use, which won first place in the Delaware Press Association and second place in the National Federation of Press Women contests.

“I’m looking forward to building on the great work that Betsy and her team have done building Delaware LIVE into the First State’s preeminent micro-news platform,” Osborne said. “I think you’ll see a greater emphasis on business news and on coverage of how state and local governments are impacting (and not always in a positive way) the everyday lives of local citizens. I also look forward to re-engaging with the businesses, nonprofits and educators that I’ve worked with over the years.”

Osborne’s experience includes 15-plus years as an award-winning business journalist at publications nationwide and 20-plus years in strategic corporate communications and business development for MBNA America and Bank of America.

He revitalized or launched more than a dozen business journals, earning national “Most Improved Publication” awards at the Delaware Business Times in 2020 and at the Dallas (TX) Business Journal 30 years earlier. He’s also won individual writing and reporting awards.

He also helped launch the News Journal’s now-defunct Business Monday section.

A graduate of Syracuse University and native of Buffalo, New York, Peter is married with four grown children. He’s also a proud member of the Bills Mafia.

More detail on Delaware Live reorganization

In the Delaware Live reorganization, Kenny will become CEO and president and take over as editor-in-chief. He will handle the business’s administrative, finance and HR functions, and plans to expand the number of local sites and the size of the staff.

George D. Rotsch, a veteran marketing and communications strategist, has been promoted to vice president of client communications and interim publisher of the four websites.

The group also has added an advisory board of seasoned professionals: John Sweeney, former Wilmington News Journal editorial page editor; Peggy Mika, former marketing director and newspaper reporter and editor; Mike Mika, a digital marketing consultant who helped lead the migration of news from paper to digital at The News Journal; and Vernon Proctor, a retired corporate lawyer and president of the Bethel Town Council. It will be looking to add additional members in the coming months who reflect the readership of the publications.

Delaware LIVE’s network of local news publications is approaching 100,000 regular readers across multiple communication channels.

Have a story idea or comment?

Contact Osborne at [email protected].

Contact Price at [email protected].

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