XRP News Update: Bitwise XRP ETF Connects Conventional Finance with Blockchain Advancements
- 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
The XRP Ledger, which underpins the token,
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
Competition is heating up as
In spite of these obstacles, Bitwise CEO Hunter Horsley remains positive about XRP’s prospects,
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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