Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Thursday Nov 20 2025 06:10
2 min
Bitwise Asset Management has confirmed the launch of its new spot exchange-traded fund (ETF) tracking XRP, slated for Thursday under the ticker “XRP.” The fund will be listed on the New York Stock Exchange, an announcement that has been met with both enthusiasm and some concern within the crypto community.
While the launch is anticipated, the choice of “XRP” as the ticker symbol has sparked debate. Typically, crypto ETFs incorporate a recognizable abbreviation of the asset manager's name and the underlying crypto asset, such as Fidelity’s FBTC and ARK Invest’s ARKB for Bitcoin, or Bitwise’s Solana ETF BSOL and BlackRock’s Ether Trust ETHA. Some users have questioned how the SEC approved the ticker.
X user Krippenreiter, a DeFi educator, expressed concern about potential confusion, asking how Bitwise managed to secure “XRP” as the official ticker. Others echoed this sentiment, questioning the regulatory oversight that allowed for a ticker symbol so easily conflated with the asset itself.
Software engineer Vincent Van Code suggested the ticker choice might be strategic, envisioning a future where native XRP becomes a wholesale settlement token, with retail investors primarily trading the ETF. This would facilitate wholesale custody and transfers, he argued.
Bitwise initially filed for its spot XRP ETF with the SEC in October 2024. Previously, the company launched the Bitwise Physical XRP ETP, under the ticker GXRP, across Europe in 2022.
Bitwise chief investment officer Matt Hougan stated that “XRP is a really intriguing asset” due to its long-term operational success at low cost, high transaction volumes, and a strong community. He believes the new regulatory environment levels the playing field, allowing the market to assess XRP's true potential.
Canary Capital launched its XRPC ETF on November 13, attracting over $250 million in inflows on its first day. Bloomberg ETF analyst James Seyffart anticipates potential launches of Grayscale’s and Franklin Templeton’s XRP ETFs around November 24. Hougan also expects a surge in ETF launches following the end of the US government shutdown.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
Latest
View allSaturday, 28 March 2026
5 min
Saturday, 28 March 2026
5 min
Saturday, 28 March 2026
4 min
Sunday, 29 March 2026
Indices
BTC News Today: Bitcoin Recovers to $67,400 After Sharp Dip Below $65,000
Sunday, 29 March 2026
Indices
Gold price today, March 30: Gold market is currently in a corrective phase, XAU/USD rises to $4,568.50
Tuesday, 24 March 2026
Indices
NVIDIA GTC 2026 Keynote Highlights: Jensen Huang Predicts $1 Trillion AI Demand Through 2027
Tuesday, 24 March 2026
Indices
Top performing cryptos today: Siren (SIREN), Bittensor (TAO), Stellar (XLM)
Tuesday, 24 March 2026
Indices
Gold price today, March 25: Gold Surges Over $4,580 as XAUUSD Jumps 2.5% Amid Softer Dollar Pressure
Monday, 23 March 2026
Indices
Commodity Market Today: Business Body Warns Middle East Conflict Could Derail SA’s 2026 Economic Recovery
Monday, 23 March 2026
Indices
Gold price today, March 24: Gold extends slide, XAU/USD price crashes below $4,200
EN
