 
 
Crypto asset manager Bitwise has confirmed its spot XRP exchange-traded fund (ETF) is set to go live on the New York Stock Exchange when markets open on Thursday, in a major milestone for the XRP community.
Bitwise To Trade Under Ticker $XRP
A Bitwise Asset Management XRP ETF will begin trading on the NYSE on Thursday under the fascinating ticker symbol “XRP,” offering exposure to the fourth-largest cryptocurrency by market cap. The fund has a management fee of 0.34% that is waived for the first month on the first $500 million in assets.
“XRP is a really intriguing asset for several reasons,” Bitwise CIO Matt Hougan said in a statement. “It has operated successfully for a very long period of time at extremely low cost, it processes high transaction volumes, and it has a really strong and vibrant community of supporters.”
Having facilitated over 4 billion transactions, Bitwise believes XRP is challenging the $250 trillion cross-border payments market.
In the United States, Bitwise’s XRP will be the second spot XRP investment vehicle following Canary Capital’s XRPC.
 
XRP Gets Caught In Market Slide Despite Highly Anticipated Spot ETF Debuts
Although crypto exchange-traded funds provide a vehicle to draw in capital flows from institutional investors, inflows boost the price of the underlying asset when demand is high, but hurt prices when net outflows are high.
The price of XRP has fallen by roughly 15.2% over the last seven days, despite the ETF launches, according to data from CoinGecko.
Canary Capital’s XRPC launched on November 13, garnering approximately $58 million in trading volume on opening day, making it the most successful ETF debut of 2025 among both crypto and traditional ETFs.
The massive flows were unexpected, with Bloomberg’s Senior ETF Analyst Balchunas initially estimating around $17 million for XRPC. But they highlighted the increasing appetite for crypto-focused vehicles following the success of spot Bitcoin and Ethereum ETFs, and the improved regulatory backdrop for cryptocurrencies.
Grayscale and Franklin Templeton spot XRP funds could list this coming Monday.
In a January report, JPMorgan analysts projected that XRP ETFs could outperform spot Ether ETFs by attracting roughly $4 billion–$8 billion in net new assets in their first six months of trading.
XRP is trading for $2.01 at the time of writing, down 3.2% in the last 24 hours.
Could the flood of ETF launches bring back the bulls?