Bitwise Spot XRP ETF Debuts Today as Trading Goes Live
Quick Take Summary is AI generated, newsroom reviewed. Bitwise debuted its spot XRP ETF, making it the firm's second XRP-focused product after its European ETP. The ETF waives its 0.34% management fee for the first month on the first $500 million in assets under management. Bitwise highlights XRP's strong use cases in payments, with transactions settling in $3-5 seconds and clear functionality on the XRP Ledger. The launch adds to competition from Franklin Templeton, Grayscale, and others, signaling a stro
Bitwise officially launched its spot XRP ETF today. This marks another major milestone in the rapid expansion of regulated XRP investment products in the United States. The new fund is trading under the ticker XRP on the New York Stock Exchange. It gives investors direct exposure to XRP. At a time when interest in the asset has surged following the end of Ripple’s legal battle with the SEC. The launch positions Bitwise alongside Franklin Templeton, Grayscale and 21Shares as part of the first wave of institutional XRP offerings.
Bitwise Opens Trading With Fee Waiver
Bitwise confirmed that the ETF carries a 0.34% management fee. Though the firm waived this fee for the first month on the first $500 million in assets. The company says the move is designed to lower barriers for retail and institutional investors. Those entering the XRP market for the first time through a regulated vehicle.
The Bitwise XRP ETF holds spot XRP directly. It becomes the firm’s second XRP focused product, following the European-listed GXRP ETP launched in 2022. Bitwise now manages more than $15 billion across over 40 crypto investment products. This reflects the company’s long-term commitment to building institutional-grade crypto exposure.
XRP’s Strong Use Cases Support ETF Demand
Bitwise executives say the appeal of XRP goes far beyond speculation. Chief Investment Officer Matt Hougan said XRP’s long operational history, low transaction fees and strong community. That makes it stand out among digital assets. He also emphasized that regulatory clarity in the U.S. now gives XRP a fair playing field.
XRP remains the third-largest cryptocurrency, with a market cap above $120 billion. Also, more than four billion transactions have been processed on the XRP Ledger since its launch. The network settles payments in 3-5 seconds. Its daily volume averages $1.9 billion. These features have helped XRP maintain strong support among payment firms and institutions looking for efficient settlement solutions.
The network is also growing beyond traditional token transfers. Businesses increasingly use the XRP Ledger to tokenize assets like U.S. Treasuries, commercial paper, private credit instruments and money market funds. XRP is required for all activity on the ledger, including wallet reserves and trustline setups. This gives the token a clear role in the ecosystem’s long-term functionality.
Market Sees Strong Competition Among XRP ETFs
Bitwise’s debut adds pressure to other issuers preparing their own XRP funds. Franklin Templeton , Grayscale and 21Shares all have ETFs expected to launch this week or soon after. The rush of simultaneous launches highlights the belief. That XRP could see strong inflows as institutions expand beyond Bitcoin and Ethereum.
Bitwise CEO Hunter Horsley said digital assets are “earning a permanent role in diversified portfolios.” The new ETF gives investors a simple, regulated path to participate in XRP’s global payment potential. With today’s launch, Bitwise cements its place in the early wave of U.S. XRP ETFs. As more issuers enter the market, analysts expect liquidity to deepen and investor interest to accelerate. This is setting up XRP for one of its most active periods in years.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No More Concealed Allocations: ZKP Auctions Transform Fairness in Crypto
- ZKP's crypto presale uses daily on-chain auctions to distribute 35% of its 257 billion tokens, rejecting private allocations and hidden vesting schedules. - The 24-hour auction model allocates 200 million tokens proportionally based on pooled contributions, ensuring equal access without early-mover advantages. - Transparent on-chain visibility and $50,000 daily contribution caps prevent whale dominance, aligning with trustless system trends in crypto distribution. - This structure creates organic price d

Zcash (ZEC) Price Rally and the Revival of Privacy Coins: Regulatory Changes and Growing Institutional Interest Usher in a New Chapter
- Zcash (ZEC) surges over 7% in 24 hours, hitting $700+ amid 2025's privacy coin revival driven by regulatory clarity and institutional adoption. - U.S. Clarity/Genius Acts enable selective transparency for privacy coins, with Zcash's hybrid model outpacing Monero's mandatory anonymity in institutional appeal. - Cypherpunk's $100M Zcash treasury and Grayscale's ZCSH trust validate ZEC as a compliance-ready privacy asset, complementing Bitcoin's store-of-value role. - Zashi Cross Pay and Sapling upgrades en
Bitcoin News Update: Pakistan's Foreign Exchange Outflow Accelerates Amid Economic Instability and Lax Crypto Oversight
- Pakistan reports $600M forex loss via illicit crypto transactions, draining 23% of dollar inflows through unregulated channels. - ECAP reveals cash withdrawals from licensed firms fund crypto investments, straining reserves amid trade deficits and political instability. - SBP tightens forex controls but experts warn crypto outflows persist, mirroring global crypto losses and compounding weak enforcement. - Geopolitical shifts, including Trump's India-Pakistan ceasefire claims and U.S.-Pakistan military c

Cardano News Update: ZKP’s Open Presale Approach Disrupts Traditional Blockchain Speculation
- Investors are shifting from HBAR and ADA to ZKP, a 2025-focused blockchain project with transparent presale and real-world utility. - ZKP's $120M pre-launch funding and daily on-chain auctions contrast with HBAR's 36% decline and ADA's weak DeFi traction. - The project's Proof Pods hardware and "built-first" strategy differentiate it from legacy projects with delayed upgrades. - ZKP's fair allocation model and institutional partnerships position it as a paradigm shift in crypto project launches. - Analys

