Historic Moment: Launch of XRP ETF by Bitwise on NYSE Arca

Updated

November 21, 2025

Gambar Historic Moment: Launch of XRP ETF by Bitwise on NYSE Arca

Jakarta, Pintu News – In a move considered a significant milestone in the world of digital finance, crypto fund manager Bitwise has launched an XRP ETF on NYSE Arca. The launch marks a new era in crypto asset investing, with XRP (Ripple) as the main focus.

This ETF, which trades under the ticker symbol “XRP”, is expected to bring greater liquidity and exposure to the crypto asset. The launch follows the successful debut of the Canary XRP ETF (XRPC) which has recorded significant trading volumes.

XRP ETF Launch by Bitwise

The launch of the XRP ETF by Bitwise is considered a historic moment as it marks one of the few XRP-based ETFs available in the market. This ETF, which began trading on NYSE Arca, has already received approval through Form 8-A and CERT filings with the US SEC. This indicates increased regulatory confidence and interest in financial products based on cryptocurrencies.

This ETF is expected to not only increase the visibility of XRP but also provide easier access for institutional and retail investors to invest in this crypto asset. With a market capitalization that has reached $15 billion, Bitwise demonstrates its commitment to leading the market with innovation and products that are responsive to investor needs.

Market Dynamics and Investor Reactions

Today is the day! We’re launching the Bitwise XRP ETF. It’s a big step forward for XRP, the world’s third-largest crypto asset,* which aims to reshape the market for global payments.

To mark this historic moment, we’re hosting a live X Space with @JoelKatz and @Matt_Hougan,… pic.twitter.com/IU1Zbtk4we
— Bitwise (@BitwiseInvest) November 20, 2025

Despite the excitement surrounding the launch of the new ETF, the price of XRP experienced selling pressure, dropping over 9% to $2. However, the price later rebounded by around 5% to $2.12, with daily price fluctuations between $2.01 and $2.17. This decline may be due to a shift in sentiment among long-term holders and large investors entering an anxiety phase.

However, XRP’s trading volume increased by 30% in the last 24 hours, indicating a great deal of interest from traders. It also shows that despite price volatility, investors remain interested in the long-term potential of XRP and related products such as ETFs.

Competition and Market Outlook

🚨Scoop: Bitwise XRP ETF Gets Auto-Effective with 8-A Filing with the SEC
🔸Gains approval to list on NYSE Arca under the ticker symbol "XRP"
🔸Bitwise sets 0.34% as management fee
🔸Waives fee for 1-month period on the first $500 million of assets
🔸Will likely start trading… pic.twitter.com/41InKchpSL
— Rednirav (@CryptoRednirav) November 19, 2025

Bitwise’s launch of the XRP ETF is not the only one in the market; other ETFs such as the Grayscale XRP Trust ETF (GXRP) and Franklin Templeton’s XRP ETF (XRPZ) are also slated to launch. This shows a growing trend where more financial institutions are adopting cryptoassets as part of their investment products.

The success of the Canary XRP ETF (XRPC), which has debuted with a trading volume of $59 million and net inflows of $245 million, demonstrates the huge market potential for XRP-based ETFs. It also sets the bar high for future ETFs, promising healthy competition and further innovation within the sector.

Conclusion

The launch of the XRP ETF by Bitwise on NYSE Arca is an important step in the evolution of the crypto market, offering new opportunities for investors to engage in the crypto market in a more structured and secure way. With increasing adoption and recognition from regulators, the future of crypto-based ETFs looks bright, with XRP at the forefront of this innovation.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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