Key Takeaways
- •Bitwise launches first U.S. spot XRP ETF, influencing market dynamics.
- •Trading volume reaches $22 million on debut.
- •XRP stands alongside BTC, ETH in regulated market.
ETF Launch and Market Impact
Bitwise Asset Management introduced their Bitwise XRP ETF on NYSE Arca on November 20, 2025, marking it a pivotal moment for cryptocurrency investments.
The launch signifies a regulated entry point into XRP, expected to influence liquidity, attract institutional investment, and potentially alter dynamics within the digital asset market.
Details of the Bitwise XRP ETF
On November 20, 2025, Bitwise Asset Management launched the first spot XRP ETF (ticker: XRP) on NYSE Arca. The initiative offers regulated exposure to spot XRP, targeting both institutional and retail investors, according to Bitwise.
The ETF launch marks a significant milestone, with Bitwise CEO Hunter Horsley highlighting it as a step to reshape currency movement. Bitwise CIO Matt Hougan emphasized XRP's strong community and cost-effective operations.
Debut Trading Performance
Initial trading activity exceeded $22 million, ranking among the strongest ETF debuts in 2025. The ETF's launch is expected to enhance XRP's liquidity and bolster market capitalization, given its fully regulated status.
With a management fee of 0.34% waived for early assets, the ETF may attract new institutional flows. The first-day net inflows stood at over $105 million, indicating strong market interest and potential shifts in investment strategies.
Regulatory Standing and Market Potential
Bitwise's launch places XRP alongside Bitcoin and Ethereum, reflecting regulatory acceptance. The absence of direct official statements suggests implicit approval through listing procedures.
The ETF is likely to influence investment strategies and market flows, extending effects to other cryptocurrencies depending on portfolio allocation. The XRP Ledger's adoption in tokenizing assets further underpins its market potential and technological impact.
CEO's Vision for XRP
"With today’s launch of the Bitwise XRP ETF, we’re excited to help investors gain exposure to an asset that has the potential to fundamentally reshape how money moves worldwide."