Bitwise Launches Spot XRP ETF With Ticker $XRP
Bitwise unveils its new spot XRP ETF under the ticker $XRP, marking a major milestone for XRP adoption in traditional markets.
- Bitwise introduces a spot XRP ETF using the ticker $XRP.
- The ETF opens new doors for institutional XRP investment.
- Move follows rising demand for regulated crypto exposure.
Bitwise Asset Management has officially launched its spot XRP ETF, trading under the ticker symbol $XRP. This new ETF marks a significant development for both Bitwise and the XRP ecosystem, positioning XRP alongside other regulated crypto assets like Bitcoin and Ethereum in traditional investment markets.
A spot ETF directly tracks the current market price of XRP, giving investors real-time exposure to the asset without having to hold it directly. By launching this product, Bitwise is responding to growing demand from institutional investors for regulated and transparent access to crypto assets.
Bitwise is already known for its strong lineup of digital asset investment products. Adding XRP to its offering signals confidence in the long-term viability and demand for Ripple’s native token, especially as legal clarity around XRP improves in the U.S. market.
Why This XRP ETF Matters
The launch of a spot XRP ETF isn’t just another product release — it’s a step toward mainstream adoption. Unlike futures-based ETFs, a spot XRP ETF holds actual XRP tokens, making it a more accurate representation of the asset’s value.
This move also highlights the increasing appetite among hedge funds, family offices, and other large-scale investors to gain exposure to XRP without dealing with the complexities of self-custody or crypto exchanges.
In a post-SEC lawsuit era, XRP is regaining momentum, and this ETF can act as a catalyst for further inflows and legitimacy in traditional finance circles.
What’s Next for XRP and Bitwise?
Bitwise’s ETF could pave the way for more spot crypto ETFs, especially for altcoins that have strong community and utility cases. If successful, it may encourage other asset managers to pursue similar products.
For retail investors, this move could also increase awareness and confidence in XRP as a regulated investment choice. It’s a clear signal: crypto is becoming a staple in diversified portfolios, and XRP is now part of that conversation.
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