- Bitwise launches its XRP ETF on the NYSE with a 0.34% charge waived for the primary $500M for one month.
- The ETF holds spot XRP, highlighting its cost utility and quick transaction community.
- Bitwise expects regulatory readability and renewed adoption to unlock XRP’s long-delayed potential.
Bitwise Asset Administration has formally launched the Bitwise XRP ETF (ticker: XRP) on the New York Inventory Trade, giving U.S. traders a brand new solution to acquire direct publicity to one of many largest cryptocurrencies on the planet. The fund carries a administration charge of 0.34%, however Bitwise is waiving it for the primary month on the primary $500 million in property — a strategic transfer to spark early inflows.
CEO Hunter Horsley described 2025 as a turning level for digital property, saying XRP’s position in powering funds and tokenization makes it a really perfect addition to Bitwise’s increasing ETF lineup.
XRP’s Utility and Market Place Assist Drive ETF Demand
The brand new ETF holds spot XRP, at present the third-largest crypto asset (excluding stablecoins) with a market cap above $125 billion. XRP’s underlying blockchain — the XRP Ledger — has processed greater than 4 billion transactions with settlement occasions of simply 3–5 seconds, and goals squarely at reworking the $250 trillion cross-border funds trade.
Bitwise stresses that XRP now enters a brand new period with regulatory readability lastly eradicating the obstacles that held again institutional adoption in earlier years. CIO Matt Hougan says this ETF provides traders the possibility to lastly “see what XRP’s expertise can actually do.”
A Milestone for U.S. Traders and a Enhance for XRP’s International Profile
This U.S. launch is Bitwise’s second XRP-based product, following its European-listed GXRP ETP in 2022. Now, with Wall Avenue entry and NYSE visibility, XRP beneficial properties one other on-ramp for each establishments and retail — a well timed improvement as crypto ETFs proceed integrating into the mainstream monetary system.
The XRP ETF turns into the forty ninth product in Bitwise’s international suite and reinforces Ripple’s asset as a central participant within the evolving digital-payments financial system.
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