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Bitwise Launches Spot XRP ETF on NYSE

Published

Bitwise Asset Management’s spot XRP ETF now trades on the NYSE under ticker “XRP”, opening regulated access to the token.

Bitwise Asset Management has officially debuted its spot XRP ETF on the New York Stock Exchange, with the ticker symbol “XRP”. The offering provides investors direct regulated exposure to the cryptocurrency XRP via a U.S. exchange-listed vehicle.

This move comes amid a broader surge in crypto-asset ETF launches, especially for alt-coins beyond bitcoin and ether. For XRP, the availability of a spot ETF represents a meaningful milestone: it lowers the barrier for institutional and retail investors to gain exposure through familiar markets rather than navigating unregulated crypto exchanges.

That said, as with all novel crypto products, prospective investors should stay alert to structural risks—custody, regulatory clarity, market adoption—and closely monitor how this ETF is managed and tracked over time.