- Bitwise launches its XRP ETF on the NYSE with a 0.34% fee waived for the first $500M for one month.
- The ETF holds spot XRP, highlighting its payment utility and fast transaction network.
- Bitwise expects regulatory clarity and renewed adoption to unlock XRP’s long-delayed potential.
Bitwise Asset Management has officially launched the Bitwise XRP ETF (ticker: XRP) on the New York Stock Exchange, giving U.S. investors a new way to gain direct exposure to one of the largest cryptocurrencies in the world. The fund carries a management fee of 0.34%, but Bitwise is waiving it for the first month on the first $500 million in assets — a strategic move to spark early inflows.
CEO Hunter Horsley described 2025 as a turning point for digital assets, saying XRP’s role in powering payments and tokenization makes it an ideal addition to Bitwise’s expanding ETF lineup.
XRP’s Utility and Market Position Help Drive ETF Demand
The new ETF holds spot XRP, currently the third-largest crypto asset (excluding stablecoins) with a market cap above $125 billion. XRP’s underlying blockchain — the XRP Ledger — has processed more than 4 billion transactions with settlement times of just 3–5 seconds, and aims squarely at transforming the $250 trillion cross-border payments industry.
Bitwise stresses that XRP now enters a new era with regulatory clarity finally removing the barriers that held back institutional adoption in previous years. CIO Matt Hougan says this ETF gives investors the chance to finally “see what XRP’s technology can really do.”
A Milestone for U.S. Investors and a Boost for XRP’s Global Profile
This U.S. launch is Bitwise’s second XRP-based product, following its European-listed GXRP ETP in 2022. Now, with Wall Street access and NYSE visibility, XRP gains another on-ramp for both institutions and retail — a timely development as crypto ETFs continue integrating into the mainstream financial system.
The XRP ETF becomes the 49th product in Bitwise’s global suite and reinforces Ripple’s asset as a central player in the evolving digital-payments economy.
