Market enthusiasm intensified as crypto asset manager Bitwise announced that its Bitwise XRP ETF would begin trading today on the NYSE under the ticker XRP. The firm detailed a 0.34% management fee, waived for one month on the first $500 million in assets, giving investors spot access to XRP.

Bitwise shared on social media platform X on Nov. 20:

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.

The asset manager underscored XRP’s longevity, its multibillion-dollar market value and its ambition to reshape global payment flows. The firm also highlighted tokenization momentum on the XRP Ledger, where U.S. Treasuries, digital commercial paper, private credit and money market funds have started to appear. That activity, combined with settlement times of a few seconds and minimal network fees, has strengthened investor interest around payment-layer blockchains.

Read more: SEC Drives Bitwise Crypto ETF Forward With XRP and Solana Standing Firm

Bitwise Asset Management’s XRP ETF launch followed Canary Capital’s earlier debut of its own XRP ETF, marking a continued expansion of XRP-based investment products. Additional issuers, including Franklin Templeton and 21shares, are also preparing to introduce similar offerings as interest in XRP-focused exchange-traded funds grows across the market.

Market watchers suggested that today’s launch could inject fresh energy into regulated crypto investment products as traders respond to increasing real-world asset issuance across on-chain venues. XRP’s alignment with the $250 trillion cross-border payments arena may attract allocators seeking networks with clear utility. Bitwise noted that its mission is to broaden access to major crypto themes through structured investment vehicles.

• When does the Bitwise XRP ETF begin trading?
  It begins trading today on the NYSE under the ticker XRP.
• What fee structure does the Bitwise XRP ETF use?
  It charges a 0.34% management fee, waived for one month on the first $500 million in assets.
• Why is tokenization on the XRP Ledger gaining attention?
  New tokenized assets including Treasuries and private credit are emerging on the ledger, boosting real-world asset activity.
• What makes XRP appealing in the cross-border payments sector?
  Its rapid settlement speed and low fees align with massive global payment flows and institutional efficiency needs.

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