To whom it may concern, I appreciate the opportunity to comment on the proposed rule change regarding the listing and trading of shares of the Bitwise XRP ETF. I am a USMC veteran, IT specialist and private investor currently holding XRP since 2020. I have followed digital assets and blockchain technology for several years, monitoring how these innovations are shaping the future of finance. I believe XRP holds the key to establishing trust between the crypto market, the public and the government. While some view it's holdings by Ripple to be antithetical to why crypto was invented (centralization), I believe that it provides some much needed accountability in this space. 1. Investor Protection and Regulatory Oversight: An XRP-based ETF under the oversight of the Securities and Exchange Commission would bring a higher level of transparency, standardization, and security to the marketplace. With strict disclosure rules, custody requirements, and compliance measures, an ETF framework can help protect both institutional and retail investors from some of the risks frequently associated with unregulated exchanges and custodians. It all comes back to accountability for me. 2. Established Market and Liquidity: XRP has been actively traded since 2012, with significant global liquidity across numerous cryptocurrency exchanges. This long-standing market presence has resulted in robust price discovery and demonstrated resilience, which I believe can support a well-regulated ETF product. 3. Technological Utility and Adoption: The XRP Ledger is known for fast transaction speeds and low fees, features that have garnered interest from various financial institutions exploring cross-border payment solutions. This utility sets XRP apart from some digital assets that lack tangible use cases and drive up energy costs. Broader acceptance and real-world utility further justify integrating XRP into the regulated securities market. 4. Transparency and Market Efficiency: A regulated ETF would offer a straightforward avenue for traditional investors to gain exposure to XRP without needing specialized digital wallets or navigating multiple crypto exchanges. This improved access could drive healthier market dynamics, including price stability, better liquidity, and stronger protections against fraud or manipulation through robust surveillance-sharing agreements. 5. Encouraging Responsible Innovation: Approving an XRP ETF can signal U.S. leadership in financial innovation, balancing investor protections with support for emerging technologies. Establishing clear frameworks around digital assets would encourage responsible development and give both investors and institutions confidence that innovation can flourish within a regulated environment. Conclusion: I respectfully urge the Commission to approve the proposed Bitwise XRP ETF, as it promises to strengthen investor protections and foster responsible growth in the digital asset space. Thank you for considering my perspective. If you require any additional information, I would be glad to further discuss my experiences and views as an XRP holder.