November 20, 2025 13:29:29 UTC
Bitwise Seeds New XRP ETF With 1.11 Million XRP Worth $2.27 Million
Bitwise seeded its newly launched XRP ETF this morning with 1,119,660.33 XRP, valued at roughly $2.27 million. The move marks the official start of trading and signals strong early commitment from the issuer. The ETF, which provides spot exposure to XRP, enters the market as interest in XRP-based investment products continues to grow.
November 20, 2025 13:29:29 UTC
Bitwise XRP ETF Launches on NYSE, Aiming to Beat Canary’s Record Debut
The Bitwise XRP ETF launched today on the NYSE under the ticker $XRP, becoming the second pure spot XRP fund in the U.S. market. Bitwise is aiming to beat the opening-day volume set by Canary’s XRPC ETF last week. The fund carries a 0.34% management fee, waived for the first month on the first $500 million. It offers direct spot exposure to XRP, the crypto designed to streamline global payments.
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