Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP News Update: Bitwise XRP ETF Connects Conventional Finance with Blockchain Advancements

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

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 , 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,

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, . 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 .

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

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

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

“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.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

ZetaChain and Axelar's breakthrough in cross-chain technology has the potential to transform DeFi and drive enterprise adoption

- ZetaChain and Axelar partner to enhance cross-chain communication, addressing DeFi and enterprise adoption barriers. - Coinbase launches Brazil's "DeFi Mullet" feature, streamlining retail access to decentralized protocols amid evolving crypto regulations. - KuCoin's PGA Championship partnership highlights crypto's growing integration into traditional industries through branding and fan engagement. - Spectra Logic deploys exabyte-scale storage for AI research, while Zymeworks reports breakthrough cancer

Bitget-RWA2025/11/20 20:46
ZetaChain and Axelar's breakthrough in cross-chain technology has the potential to transform DeFi and drive enterprise adoption

Zero-Fee Crypto Cards Propel the Industry Toward Unified Financial Ecosystems

- Bitget Wallet introduces zero-fee crypto cards in 50+ markets, promoting self-custody and cross-border usability as stablecoins gain global traction. - Customizable card programs enable brands and communities to issue tailored designs, with a LINE NEXT co-branded card highlighting regional adoption strategies. - GTBS and MetaPass expand crypto wallet ecosystems with decentralized exchanges, AI security, and multi-chain platforms to unify DeFi, GameFi, and SocialFi. - Industry shift toward all-in-one fina

Bitget-RWA2025/11/20 20:46
Zero-Fee Crypto Cards Propel the Industry Toward Unified Financial Ecosystems