XRP News Update: Bitwise XRP ETF Connects Conventional Finance with Blockchain Advancements

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XRP News Update: Bitwise XRP ETF Connects Conventional Finance with Blockchain Advancements

Bitget-RWA2025/11/20 19:32

By:Bitget-RWA

- Bitwise's XRP ETF (ticker: XRP) launched on NYSE on November 20, 2025, marking a milestone for XRP , the third-largest cryptocurrency. - The 0.34% fee-waived ETF holds XRP directly in a trust, offering regulated access to the asset with 1.11 million tokens seeded ($2.27M value). - XRP's price dipped to $2.12 on launch amid market volatility, with analysts warning of potential decline below $1.95 support levels. - Competitive pressures grow as Grayscale and Franklin Templeton prepare XRP ETFs, while UK re

Bitwise Asset Management's

XRP

ETF (ticker: XRP) made its debut on the New York Stock Exchange on November 20, 2025, representing a major achievement for the cryptocurrency ranked third by market cap. This fund, which gives investors direct access to XRP, is designed to leverage the token’s 13-year history and its impact on transforming global payment systems. Bitwise is waiving the 0.34% management fee for the first month on the initial $500 million in assets. The company

initially funded the ETF with 1.11 million XRP tokens

, worth about $2.27 million. The launch follows increased institutional demand for XRP investment products, coming shortly after the introduction of the Canary XRPC ETF.

The XRP Ledger, which underpins the token,

has facilitated more than 4 billion transactions

since it began, with an average daily trading volume of $1.9 billion and transaction settlements typically taking 3 to 5 seconds. Matt Hougan, Bitwise’s CIO, pointed to XRP’s “resilience, speed, and engaged user community” as primary advantages,

highlighting its capacity to challenge the $250 trillion global payments sector

. Still, the ETF’s launch happened during a period of heightened volatility in the crypto markets. On its first day, XRP’s price fell to $2.12, and analysts cautioned that dropping below the

XRP News Update: Bitwise XRP ETF Connects Conventional Finance with Blockchain Advancements image 0

support threshold could see it decline toward $1.95

based on market forecasts

This ETF is unique in that it holds XRP directly in a trust, setting it apart from conventional ETFs, as it is not registered under the Investment Company Act of 1940. Bitwise

clarified that the ETF does not represent direct XRP ownership

but instead offers a regulated way for investors to gain exposure to the asset. The company also

organized a live X Space

featuring Ripple CTO David Schwartz and journalist Eleanor Terrett to explore the ETF’s significance for the XRP community and the broader crypto sector.

Competition is heating up as

Grayscale and Franklin Templeton get ready to introduce

their own XRP ETFs on November 24, indicating swift growth in the regulated crypto investment space. At the same time,

the UK Serious Fraud Office’s recent detentions

related to a £21 million NFT-linked crypto fraud highlight the ongoing regulatory challenges in the industry.

In spite of these obstacles, Bitwise CEO Hunter Horsley remains positive about XRP’s prospects,

saying that the ETF signals

“the emergence of a progressive regulatory approach to crypto,” allowing XRP to compete fairly with other digital currencies. The company’s efforts to boost XRP adoption are part of its larger mission to connect traditional finance with blockchain technology.

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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