Bitwise XRP ETF to Launch Thursday With 0.34% Management Fee

Bitwise Asset Management will launch its spot XRP exchange-traded fund on the New York Stock Exchange on Thursday under ticker XRP. The fund carries a 0.34% management fee, waived for the first month on the initial $500 million in assets. XRP holds a market capitalization of $127.3 billion as the third-largest non-stablecoin cryptocurrency.