Bitwise Launches First XRP ETF for Spot Trading

A new investment product from Bitwise, the firm behind the popular $BSOL Solana ETF, is set to launch a Bitcoin-based Exchange Traded Fund (ETF) offering spot exposure to XRP. This ETF will debut on the NYSE under the ticker $XRP and comes with a 0.34% management fee that’s waived for the first month on assets up to $500 million. This makes it an attractive option for both new and seasoned investors looking to gain exposure to the cryptocurrency.