Bitwise Launches First US XRP Spot ETF on NYSE

Following in the footsteps of Ethereum ETF

In a landmark move for the digital asset industry, Bitwise Asset Management has officially launched the first US XRP spot ETF, now trading on the New York Stock Exchange (NYSE) with a management fee of 0.34%.

The launch marks another expansion of the rapidly growing cryptocurrency ETF ecosystem in the United States, following the resounding success of Bitcoin and Ethereum spot ETFs earlier this year.

This approval cements XRP’s status as a mainstream financial asset and signals renewed institutional confidence after years of regulatory uncertainty.

A New Chapter for XRP in the US Market

The launch of the XRP spot ETF marks a significant milestone for a token that has spent nearly three years under SEC scrutiny. With regulatory clarity now largely established, demand for regulated access has surged among both institutional and retail investors.

This move gives XRP:

• Mainstream accessibility through brokerage accounts,

• Integrate into the organization's portfolio,

• Platform for derivatives and structured products,

• Legitimacy within the traditional financial planning framework.

Bitwise’s ETF offers direct, physically-backed access to XRP, eliminating the need for users to manage wallets, custody accounts, or exchange accounts — a structure similar to the mechanisms that have made Bitcoin and ETH ETFs successful.

Low Fees - High Liquidity - Large Institutions

Bitwise's decision to charge a 0.34% fee makes this ETF one of the most competitively priced crypto funds on the US market. This helps Bitwise:

“Attract capital from cost-sensitive institutional allocators, compete directly with future XRP ETF issuers, and position yourself as a pioneer in a space that is likely to grow rapidly.”

The company has a track record of dominating niche ETF categories — such as the Bitwise Crypto Industry Innovators ETF (BITQ) — and aims to replicate that success in the XRP market.

Given the size and global distribution of XRP’s investor base, analysts predict significant capital inflows in the coming months.

Evaluation and Conclusion

From a macro perspective, the launch of Bitwise’s XRP ETF reinforces the ongoing institutionalization of digital assets in the United States. The move affirms XRP as not just a speculative asset but also a recognized and investable commodity in regulated markets.

Bitwise’s competitive fee structure reflects confidence in strong capital flows, and the timing of the launch – amid growing demand for alternative digital assets beyond BTC and ETH – is strategically positioned.

The approval shows regulators are increasingly comfortable with overseeing the cryptocurrency market, custody frameworks and price integrity – the three pillars required for a spot ETF to be licensed.

Disclaimer: The information presented in this article is the author's personal opinion in the cryptocurrency field. It is not intended to be financial or investment advice. Any investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in this article do not represent the official position of the platform. We recommend that readers conduct their own research and consult with a professional before making any investment decisions.