Bitwise, the main cryptocurrency index fund supervisor, has introduced that its XRP will begin buying and selling on the New York Inventory Alternate (NYSE) on Thursday.
CEO Hunter Horsley has confirmed that the product can have the much-coveted “XRP” ticker.
The ETF can have a administration price of 0.34%, which is waived for the primary month on the primary $500 million in belongings.
Bitwise claims that the XRP Ledger is fascinating as a result of it is likely one of the longest-running blockchains that has been round for roughly 13 years. As of in the present day, XRP stays one of many largest altcoins, with its complete market cap surpassing $125 billion.
Bitwise has additionally famous that XRP is able to settling funds in mere seconds.
Furthermore, the XRPL is gaining important traction within the tokenization sector, with cash market funds, U.S. Treasuries, and different belongings being tokenized on it.
As reported by U.Right this moment, Bitwise initially filed for an XRP ETF final October.
XRP ETF bonanza
The primary US spot XRP ETF, the Canary XRP ETF (ticker: XRPC), was authorized for itemizing by Nasdaq and started buying and selling on or round November 13, 2025. This ETF is structured underneath the Securities Act of 1933, just like the key Bitcoin and Ethereum ETFs.
Monetary large Franklin Templeton additionally launched its XRP ETF on Nov. 18.
21Shares and CoinShares are each anticipated to launch their respective spot XRP merchandise inside the November 20-22 window.
The ultimate wave of the month is anticipated to incorporate main issuers like Grayscale and WisdomTree (Nov. 24 or 25).