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XRP News Update: Regulatory Relaxation Opens Door to Debut XRP ETF on NYSE

XRP News Update: Regulatory Relaxation Opens Door to Debut XRP ETF on NYSE

Bitget-RWA2025/11/20 08:12
By:Bitget-RWA

- Bitwise XRP ETF , first U.S. fund tracking XRP , launches on NYSE Nov 20, 2025, with 0.34% fee and initial $500M fee waiver. - XRP's $120B market cap and 13-year history highlight its role in cross-border payments, aligning with SEC's shifting regulatory focus. - SEC's 30% drop in 2025 enforcement actions and Coinbase case dismissal signal regulatory easing, boosting crypto fund innovation. - Grayscale faces challenges with declining GBTC assets and new Bitcoin Mini Trust, reflecting competitive pressure

The

, which is the first fund in the United States to offer direct exposure to the third-largest cryptocurrency by market value, will begin trading on the New York Stock Exchange on November 20, 2025. This event marks a significant milestone in the ongoing evolution of crypto asset regulation. The ETF, set to use the ticker , will charge a 0.34% management fee, but this fee will be on the initial $500 million in assets. After enduring months of regulatory review, the launch signals increasing institutional trust in blockchain assets, as the U.S. Securities and Exchange Commission (SEC) appears to be taking a more cautious stance toward enforcement actions against crypto companies .

The Bitwise XRP ETF will hold actual XRP tokens, which are the backbone of the XRP Ledger—a blockchain built to enable fast and inexpensive international payments. XRP boasts a market cap of over $120 billion and has been operational for 13 years, processing more than four billion transactions and averaging $1.9 billion in daily trading volume

. Matt Hougan, Bitwise’s Chief Investment Officer, emphasized the asset’s advantages, citing its “affordable costs, high transaction throughput, and robust community,” which fit well with the “progressive regulatory environment” emerging under the new SEC leadership .

The ETF’s green light comes as the SEC shifts its enforcement priorities. In the 2025 fiscal year, actions against public companies and their subsidiaries

, marking the steepest drop since the agency began collecting such statistics. This includes the SEC’s decision to drop its case against Coinbase in February 2025, suggesting a move toward focusing on reporting and disclosure requirements rather than aggressive legal action . For crypto businesses, this regulatory relaxation has fostered a more favorable climate for product development, with Bitwise’s XRP ETF joining a growing roster of digital asset funds aiming to tap into the $250 trillion global payments market .

XRP News Update: Regulatory Relaxation Opens Door to Debut XRP ETF on NYSE image 0
At the same time, competition among crypto ETFs remains intense. Grayscale Investments, which recently applied for an IPO amid falling revenues and legal issues involving its parent company Digital Currency Group, is working to secure $100 million in funding . The company’s Trust (GBTC) has experienced outflows since its conversion to an ETF in January 2024, with assets decreasing from $28.7 billion to $16 billion. To address this, Grayscale introduced the lower-fee Bitcoin Mini Trust (BTC) in July 2025, which now manages $4.3 billion in assets . These changes underscore the challenges crypto asset managers face as they adapt to evolving investor interests and regulatory standards.

For Bitwise, launching the XRP ETF is a strategic move into a sector where XRP’s speed and cost-effectiveness in cross-border payments could transform conventional financial systems. The fund’s introduction also demonstrates investor appetite for assets with proven real-world applications, especially as the SEC’s enforcement efforts seem to be shifting toward core regulatory concerns like transparency and disclosure

.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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