🤑 XRP ETF: A Dash of Dash for the NYSE! 🤑

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Pray, Allow Me to Present the Particulars 🧐

  • A modest 0.34% management fee, most generously waived for the first month on the initial £500 million in assets, to entice the early birds among us. 🕊️
  • This ETF, my dear reader, holds XRP directly, the very currency that powers the XRP Ledger, a blockchain of remarkable swiftness, settling transactions in a mere 3-5 seconds. ⏱️

Bitwise Asset Management, with a flourish of their quill, has launched the Bitwise XRP ETF upon the grand stage of the New York Stock Exchange. The fund, I assure you, is now available for trading, having navigated the labyrinthine NYSE certification and SEC procedures with admirable aplomb. It is a spot exchange-traded fund, designed to offer investors direct exposure to XRP, the third-most esteemed cryptocurrency. 🌟

According to the press release, the ETF bears a 0.34% management fee, which shall be waived for the first month on the initial £500 million in assets. At its debut, the fund boasted approximately £2.3 million in assets under management, provided as seed capital by market makers and authorized participants. The ETF holds spot XRP, meaning it directly possesses the cryptocurrency in a trust. 📜

A 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 gain spot exposure to XRP, the crypto asset aspiring to disrupt the £250 trillion market for global payments. 🌍

– Bitwise (@BitwiseInvest) November 20, 2025

XRP, the Native Token of the XRP Ledger

XRP, my dear friends, is the digital currency of the XRP Ledger, a blockchain devised for transactions both swift and economical. This ledger, I must inform you, can handle tokenization, a most ingenious feature allowing it to represent real-world or digital assets on the blockchain. The token has surged over 83% in value in the past year, according to the ever-reliable CoinMarketCap. 📈

According to Matt Hougan, Bitwise’s Chief Investment Officer, XRP’s “durability, efficiency, and active user base” render it an “intriguing asset.” He further remarked, “In the new crypto-forward regulatory regime, XRP stands on an equal playing field with other digital assets. Now the market shall have the opportunity to witness what XRP can truly achieve.” 🏆

Hunter Horsley, Bitwise CEO, also declared that this launch arrives at a time when cryptocurrencies are beginning to demonstrate their true value. He stated, “With today’s launch of the Bitwise XRP ETF, we are delighted to assist investors in gaining exposure to an asset that holds the potential to fundamentally reshape how money moves worldwide.” 🌐

XRP’s Track Record and Growth Potential

Since its inception, the XRP Ledger has processed more than 4 billion transactions with an average daily volume of about £1.9 billion. Settlements, I assure you, take between 3-5 seconds. XRP aims to disrupt cross-border payments, a market projected to reach £250 trillion by 2027. 💼

This marks Bitwise’s second XRP-related fund. The company first launched the Physical XRP ETP in Europe (GXRP) in 2022. Last month, Bitwise also introduced the Solana Staking ETF (BSOL), the first U.S. spot Solana exchange-traded product. 🏦

The firm noted that investors should be aware that the ETF carries high risk and could be highly volatile. It is not registered under the Investment Company Act of 1940, so it does not enjoy the protections of traditional ETFs and is not the same as directly purchasing XRP. Beware, my prudent readers! ⚠️

Moreover, XRP targets cross-border payments, a market expected to reach £250 trillion by 2027. 🌍

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2025-11-21 11:06