Bitwise Asset Management has launched its spot XRP ETF on the NYSE Arca, marking a major milestone in crypto investing as institutional appetite for XRP accelerates amid regulatory approvals and market volatility.
Bitwise Asset Management has officially launched its spot XRP ETF on November 20, 2025, marking a significant milestone in the cryptocurrency investment space. Trading on NYSE Arca under the ticker symbol “XRP,” the fund provides investors with direct exposure to XRP, widely recognised as the world’s third-largest crypto asset. Bitwise, managing over $15 billion in client assets, describes this launch as a “historic moment,” signalling a major step forward for XRP and its role in reshaping global payments.
The Bitwise XRP ETF holds spot XRP tokens, with a market capitalisation exceeding $120 billion and a 13-year track record underpinning its digital currency status. XRP powers the XRP Ledger, a blockchain designed to facilitate the efficient exchange, tokenisation, and settlement of both crypto-native and traditional assets. Since inception, the XRP Ledger has processed over four billion transactions, with an average daily volume of $1.9 billion and a rapid settlement time ranging from three to five seconds, according to Bitwise’s statements.
The ETF charges a management fee of 0.34%, which Bitwise has announced will be waived for the first month on the first $500 million in assets under management. The fund holds over 1.1 million XRP tokens in trust, with its net asset value (NAV) currently around $22.77 per share. Brokerage and commission costs may apply to investors. Bitwise’s launch follows closely on the heels of Canary Capital Group’s spot XRP ETF, which debuted just a week earlier under the ticker “XRPC” and recorded a remarkable $245 million in net inflows on its first day of trading, surpassing inflows for notable spot Bitcoin ETFs and Bitwise’s own Solana Staking ETF (BSOL).
The launch of the Bitwise XRP ETF comes at a time of heightened interest from institutional investors and traders, reflecting growing recognition of XRP’s potential to modernise global payments infrastructure. The firm marked the occasion with a live discussion featuring Ripple CTO David ‘JoelKatz’ Schwartz and Bitwise CIO Matt Hougan, exploring topics such as XRP’s evolution, the implications for traditional finance, and the future landscape of digital assets.
Despite this enthusiasm, XRP’s price has experienced notable volatility around the launch period. Initially, XRP saw a drop of more than 9% to near $2.00, influenced by long-term holders and whales entering an anxious phase amid the changing market dynamics. However, XRP rebounded by approximately 5%, trading around $2.12 with a trading volume surge of 30% over 24 hours, signalling robust trader interest sparked by the ETF approvals. Derivatives markets revealed some selling pressure, although futures open interest on the Chicago Mercantile Exchange (CME) rose by over half a percent, indicating a complex interplay of market forces.
In addendum, other XRP ETFs are also on the verge of launch, underscoring a broader institutional appetite for XRP exposure. Grayscale’s XRP Trust ETF (GXRP) and Franklin Templeton’s XRP ETF (ticker: XRPZ) have received accelerated regulatory approvals and are expected to start trading imminently. Franklin Templeton’s ETF recently gained expedited clearance from the US Securities and Exchange Commission (SEC), reflecting a responsive regulatory environment following the recent government shutdown.
Together, these developments represent a significant inflection point in the acceptance and integration of XRP within mainstream financial markets. The availability of multiple spot XRP ETFs provides investors with diversified options to gain exposure to this digital asset, potentially catalysing further institutional adoption and market maturation. Bitwise’s launch, supported by its substantial asset management pedigree and strategic fee incentives, positions the XRP ETF as a key vehicle in this evolving landscape.
- https://coingape.com/bitwise-says-their-xrp-etf-launch-on-nyse-arca-today-is-historic-moment/ – Please view link – unable to able to access data
- https://bitxrpetf.com/ – The Bitwise XRP ETF website provides detailed information about the fund, including its holdings, net asset value (NAV), market price, and performance history. As of November 18, 2025, the ETF holds 1,119,660.33 XRP in trust, with a NAV of $22.77 per share. The fund is listed on NYSE Arca under the ticker symbol ‘XRP’ and offers investors exposure to XRP, the world’s third-largest crypto asset with a market cap exceeding $120 billion and a 13-year track record. The management fee is 0.34%, waived for the first month on the first $500 million in assets under management. Brokerage and commission costs may apply. The website also provides access to the fund’s fact sheet, prospectus, and SEC filings.
- https://bitwiseinvestments.com/newsroom/bitwise-xrp-etf-ticker-xrp-launches-on-nyse – Bitwise Asset Management, a global crypto asset manager with over $15 billion in client assets, announced the launch of the Bitwise XRP ETF on NYSE. The fund began trading on November 20, 2025, under the ticker ‘XRP’. It has a management fee of 0.34%, which is waived for the first month on the first $500 million in assets. The Bitwise XRP ETF holds spot XRP, the world’s third-largest crypto asset with a market cap of over $120 billion and a 13-year track record. XRP is the digital currency that powers the XRP Ledger, a blockchain focusing on the efficient exchange, tokenization, and settlement of both crypto-native and traditional assets.
- https://www.prnewswire.com/news-releases/the-bitwise-xrp-etf-ticker-xrp-launches-on-nyse-providing-exposure-to-the-platform-aiming-to-modernize-global-payments-302620976.html – Bitwise Asset Management announced the launch of the Bitwise XRP ETF on NYSE, providing exposure to XRP, the world’s third-largest crypto asset with a market cap of over $120 billion and a 13-year track record. The ETF began trading on November 20, 2025, under the ticker ‘XRP’. It has a management fee of 0.34%, waived for the first month on the first $500 million in assets. XRP is the digital currency that powers the XRP Ledger, a blockchain focusing on the efficient exchange, tokenization, and settlement of both crypto-native and traditional assets. Since its inception, the XRP Ledger has facilitated over four billion transactions, with average daily volume of $1.9 billion and average settlement time of 3-5 seconds.
- https://www.prnewswire.com/news-releases/the-bitwise-xrp-etf-ticker-xrp-begins-trading-on-nyse-with-0-34-management-fee-fee-set-at-0-for-first-month-on-500m-in-assets-302621840.html – Bitwise Asset Management announced the launch of the Bitwise XRP ETF (ticker: XRP) on NYSE, providing exposure to XRP, the world’s third-largest crypto asset with a market cap of over $125 billion and a 13-year track record. The ETF began trading on November 20, 2025, with a management fee of 0.34%, waived for the first month on the first $500 million in assets. The launch reflects the growing institutional interest in digital assets and their potential to reshape global payments.
- https://www.thecoinrepublic.com/2025/11/19/franklin-xrp-etf-gains-expedited-approval-to-list-on-nyse-arca/ – Franklin Templeton’s XRP ETF (ticker: XRPZ) has gained expedited approval to list on NYSE Arca. The issuer received accelerated automatic approval as per the latest post-government shutdown guidance by the US SEC. The Franklin XRP ETF is expected to start trading later this week, under the ticker symbol ‘XRPZ’.
- https://www.thecoinrepublic.com/2025/11/20/how-did-bitwise-get-xrp-community-asks-as-new-etf-goes-live/ – Bitwise Asset Management launched its new spot XRP ETF on November 20, 2025, listing on the NYSE Arca under the ticker ‘XRP’. The fund began trading with a 0.34% management fee, waived on the first $500 million of assets for one month. This launch follows the debut of Canary Capital Group’s first U.S. spot XRP ETF (ticker: XRPC) on November 13, 2025, which drew over $250 million of inflows on day one.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative reports on Bitwise Asset Management’s spot XRP ETF launch on November 20, 2025. Similar content appeared on CoinGape on the same date, indicating potential recycling. The earliest known publication date for this information is November 20, 2025. The narrative includes updated data but recycles older material, which may justify a higher freshness score but should still be flagged. The launch follows closely on the heels of Canary Capital Group’s spot XRP ETF, which debuted just a week earlier under the ticker “XRPC” and recorded a remarkable $245 million in net inflows on its first day of trading, surpassing inflows for notable spot Bitcoin ETFs and Bitwise’s own Solana Staking ETF (BSOL). ([coingape.com](https://coingape.com/canary-xrp-etf-xrpc-tops-solana-etf-on-debut-with-245m-in-inflows/?utm_source=openai)) This suggests that the narrative may be part of a broader trend of reporting on XRP ETF launches, potentially leading to recycled content. Additionally, the narrative includes a live discussion featuring Ripple CTO David ‘JoelKatz’ Schwartz and Bitwise CIO Matt Hougan, which may be original content. However, the overall freshness score is impacted by the recycling of older material. ([coingape.com](https://coingape.com/bitwise-says-their-xrp-etf-launch-on-nyse-arca-today-is-historic-moment/amp/?utm_source=openai))
Quotes check
Score:
7
Notes:
The narrative includes direct quotes from Bitwise Asset Management, Ripple CTO David ‘JoelKatz’ Schwartz, and Bitwise CIO Matt Hougan. The earliest known usage of these quotes is from the same date, November 20, 2025. No earlier matches were found, suggesting potential originality. However, without access to the original sources, it’s challenging to confirm the authenticity of these quotes. ([coingape.com](https://coingape.com/bitwise-says-their-xrp-etf-launch-on-nyse-arca-today-is-historic-moment/amp/?utm_source=openai))
Source reliability
Score:
6
Notes:
The narrative originates from CoinGape, a cryptocurrency-focused news outlet. While it provides timely information, its reputation for accuracy and reliability is not well-established. The lack of verifiable information about the publication’s editorial standards raises concerns about the source’s reliability. ([coingape.com](https://coingape.com/bitwise-says-their-xrp-etf-launch-on-nyse-arca-today-is-historic-moment/amp/?utm_source=openai))
Plausability check
Score:
8
Notes:
The narrative’s claims about Bitwise Asset Management launching a spot XRP ETF on November 20, 2025, align with other reports from the same date. The inclusion of specific details, such as the ETF’s ticker symbol ‘XRP’ and the management fee structure, adds credibility. However, the lack of coverage from more established news outlets and the potential recycling of content from lower-quality sites raise questions about the narrative’s originality and the accuracy of its claims. ([coingape.com](https://coingape.com/bitwise-says-their-xrp-etf-launch-on-nyse-arca-today-is-historic-moment/amp/?utm_source=openai))
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The narrative reports on Bitwise Asset Management’s spot XRP ETF launch on November 20, 2025. While the claims are plausible and align with other reports from the same date, the source’s reliability is questionable due to the lack of verifiable information about the publication’s editorial standards. The potential recycling of content from lower-quality sites and the lack of coverage from more established news outlets further diminish the narrative’s credibility. Therefore, the overall assessment is a ‘FAIL’ with medium confidence.