Bitwise Launches XRP ETF on the NYSE – The Crypto Drama Unfolds!

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Bitwise Asset Management has launched a spot XRP ETF on the NYSE, giving you a regulated way to bet on this global payment asset. You’re welcome, world.

Big news in the world of digital finance, folks. Bitwise Asset Management just dropped a bombshell: they’ve launched a spot XRP exchange-traded fund on the prestigious New York Stock Exchange. The ticker? $XRP. And trust me, this is a BIG DEAL in the world of cryptocurrency. It’s like the crypto version of a Kardashian entering the Met Gala-everyone’s paying attention.

New Investment Vehicle: Because You Definitely Needed Another Way to Invest in Crypto

This shiny new product is all about giving investors direct exposure to XRP. XRP, in case you’ve been living under a rock, is not just any crypto-it’s the asset that’s here to “fundamentally modernize” global payments. Why should you care? Well, for starters, it’s been around for over 13 years (that’s like a millennium in crypto years). Plus, it’s got a dedicated fanbase, so if you’re into cult-like followings, this one’s for you.

Breaking news: The Bitwise XRP ETF starts trading on NYSE tomorrow. Get your wallets ready.

Management fee: 0.34%… but, plot twist, it’s waived for the first $500M in assets for the first month. So, essentially, you get to play for free, like a really generous casino that wants you to win.

– Bitwise (@BitwiseInvest)

The ETF kicks off trading this Thursday, so mark your calendars, or, you know, don’t. But if you do, you’ll notice that the management fee is a modest 0.34%. But here’s the juicy bit: for the first month, that fee is waived for the first $500M in assets. You can basically make it rain crypto without worrying about your wallet being drained for the first 30 days. Who said the markets aren’t generous?

Related Reading: XRP News Today: Canary XRP ETF Surpasses Solana on Debut With $245M in Inflows | Live Bitcoin News

So, XRP is officially the third-largest digital asset in the world. No biggie. With a massive market cap, XRP has carved out a sweet spot in cross-border payments, which are super important in today’s global economy. Think of it as the rockstar of international transfers, except it doesn’t wear leather pants-yet.

Now, why does XRP stand out? It’s fast-like, really fast. It settles payments in 3-5 seconds. That’s like beating your grandma in a race, but with money involved. Plus, it does it all for fractions of a cent. So if you’ve ever wanted to send money across the globe without having to sell your house, this is the way to do it.

Hougan’s Hot Take: XRP Is the Crypto Hero You Didn’t Know You Needed

Matt Hougan, Bitwise’s CIO, couldn’t help but gush about XRP after the launch. He called it a “really intriguing asset”-you know, the kind of thing you say when you’re impressed but don’t want to seem too eager. He highlighted its long track record and super-low transaction costs. In other words, XRP is a pro at handling massive transactions with minimal effort. It’s basically the LeBron James of crypto (minus the drama, of course).

Plus, it has a robust community of loyal fans who are ready to defend it at all costs. And with the ever-changing regulatory environment in the US, XRP is handling it like a pro. It’s no longer just “playing the game”-it’s running the show.

But wait, there’s more! This new ETF is addressing a major gap between traditional finance and cutting-edge digital assets. It’s basically the bridge between your grandmother’s bank and the future of money, which is honestly kind of beautiful. Bitwise XRP ETF is their second major fund focused on XRP, the first being a successful product in Europe. So, you know, they’re kind of a big deal.

By launching on the NYSE, Bitwise is making XRP more accessible to US institutional and retail traders. In simpler terms: it’s bringing the crypto party to Wall Street. And everyone’s invited. This move is going to improve market liquidity, price discovery, and basically cement XRP as a major player in the future of finance. And who doesn’t want to be part of that future?

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2025-11-20 14:39