What to Know:
- Bitwise’s XRP ETF has launched on the NYSE, marking another milestone for XRP exposure.
- The new ETF reached nearly $22 million in trading volume on its first day.
- Despite the ETF launches, XRP’s price has seen a decline recently, mirroring broader market trends.
The expanding landscape of XRP investment vehicles sees Bitwise launching its XRP ETF, adding a new avenue for investors. This move follows Canary Capital’s recent ETF launch, signaling increasing institutional interest in XRP. These ETFs provide more accessible routes for traditional investors to gain exposure to XRP’s potential.
The debut of Bitwise’s XRP ETF has been met with substantial interest, reflected in its impressive initial trading volume. Bloomberg’s ETF analysts noted the strong start, emphasizing the growing demand for crypto investment products. The competition between the new XRP ETFs could further drive innovation and improved offerings for investors.
Milestone day for the XRP community!
This morning, the Bitwise XRP ETF began trading on NYSE (ticker: $XRP). With today’s launch, investors have a new, convenient way to get spot exposure to XRP, the crypto asset looking to disrupt the $250 trillion market for global payments.… pic.twitter.com/DA295tl6tO
— Bitwise (@BitwiseInvest) November 20, 2025
Huge congratulations to our friends at @bitwise on their XRP ETF today!
We are showing Wallstreet that you don’t have to be Blackrock to launch the top 5 ETFs of 2025. We are rooting for you to get this one in top 5 too, as long as you don’t knock us out of first.
Thank you for…— Steven McClurg (@stevenmcclurg) November 20, 2025
Despite the positive ETF news, XRP’s price has experienced a slight downturn, correlating with broader market volatility. This price movement highlights the influence of overall market sentiment on XRP, even with increasing institutional products. Investors should remain aware of these market dynamics when considering XRP investments.
The launch of the Bitwise XRP ETF represents a significant step in the evolution of XRP as an accessible investment asset. As the market matures, the interplay between regulatory developments, ETF performance, and underlying asset price will be key factors for investors to monitor. The increasing availability of XRP ETFs may contribute to broader adoption and awareness of XRP in the financial world.
Source: Original article
