XRP surged 7.7% on September 18, rallying from about $1.30 to $1.40 and briefly touching $1.41 after Bitwise Asset Management submitted a fresh filing connected to its XRP ETF with the Securities and Exchange Commission. Despite widespread attention, the new paperwork did not mark the regulatory approval of a brand new exchange-traded fund. Bitwise, a well-known digital asset manager, provided a Post-Effective Amendment No. 2 for its already active Bitwise XRP ETF. The SEC’s public filing described the update as a preliminary prospectus dated September 18 and made clear the product’s documents are still “subject to completion.”