TLDR:
- Bitwise launches XRP ETF on NYSE with low fees and high efficiency.
- Bitwise XRP ETF offers U.S. investors direct access to spot XRP.
- XRP ETF debut signals a major shift in crypto investment products.
- Bitwise’s XRP ETF brings regulated access to the third-largest crypto.
- XRP ETF aims to disrupt $250 trillion global payments market.
Bitwise Asset Management has launched its long-awaited Bitwise XRP ETF, which began trading on the New York Stock Exchange under the ticker symbol “XRP” on November 20, 2025. This ETF provides direct exposure to spot XRP, the third-largest cryptocurrency by market capitalization. With a management fee of just 0.34%, waived for the first month on the initial $500 million in assets, the launch signifies a major step forward for both the digital currency and crypto investment products in the United States.
The Bitwise XRP ETF enables investors to gain exposure to XRP, a cryptocurrency designed to enhance global payments and cross-border transactions. XRP, which powers the XRP Ledger, has a proven track record of over 13 years, processing billions of transactions at a low cost with high efficiency. The product comes as part of Bitwise’s ongoing commitment to bring crypto assets into mainstream financial markets. This ETF stands as an important milestone for Bitwise, joining its growing portfolio of crypto investment solutions.
XRP’s Role in Modernizing Payments
XRP continues to stand out as a leader in the evolving digital payments landscape. The XRP Ledger, known for its fast transaction speeds and low costs, aims to transform the market for global payments. XRP facilitates tokenization, exchange, and settlement of both crypto and traditional assets across various industries. The XRP Ledger supports numerous businesses, including financial firms tokenizing U.S. Treasuries and private credit, showing the asset’s potential for broad adoption.
Ripple has already established a robust ecosystem within the cross-border payments market. The growth of XRP’s use cases is reflected in the Ledger’s performance, which handles an average daily volume of $1.9 billion. The cryptocurrency is increasingly positioned to disrupt the $250 trillion global payments market, with significant institutional interest in leveraging its capabilities for fast and secure transactions.
Bitwise’s Strategic Positioning and the ETF Landscape
The Bitwise XRP ETF is Bitwise’s second XRP-focused fund, following the successful launch of the Bitwise Physical XRP ETP (ticker: GXRP) in Europe in 2022. The new ETF provides U.S. investors with easier access to XRP while highlighting the asset’s importance in the broader digital financial ecosystem. Bitwise’s Chief Investment Officer, Matt Hougan, emphasized XRP’s long-standing success and low-cost operations, positioning it as a formidable digital asset in a rapidly changing financial landscape.
As crypto-related investment products become more mainstream, the Bitwise XRP ETF reflects growing institutional demand for regulated exposure to digital assets. The ETF’s debut comes amid a series of other XRP-focused products, with competitors like Grayscale and Franklin Templeton preparing to launch their own XRP ETFs. This influx of XRP ETFs marks a significant moment for the asset, which is gaining traction within both traditional and digital finance sectors.
The Bitwise XRP ETF stands as a key offering in the evolving world of cryptocurrency ETFs, offering exposure to one of the most established crypto assets. With its efficient transaction processing and wide-reaching use cases, XRP continues to play a pivotal role in reshaping the global payments system.
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