Bitwise Launches First U.S. Spot XRP ETF on New York Stock Exchange

Bitwise Asset Management launched the first U.S. spot XRP exchange-traded fund on the New York Stock Exchange on November 20, 2025. The ETF offers regulated access to XRP for institutional and retail investors, with a management fee of 0.34% initially waived for up to $500 million in assets. XRP traded at $1.98 with a market capitalization of $119.32 billion at the time of reporting, according to CoinMarketCap.