The cryptocurrency market experienced a significant milestone today as Bitwise Asset Management officially launched its spot XRP ETF on the New York Stock Exchange. The company’s new offering marks the fourth altcoin to gain approval in the US after Solana (SOL), Litecoin (LTC), and Hedera (HBAR). This historical event follows Bitwise’s previous launch of a similar XRP-themed fund, the Bitwise Physical XRP ETP (GXRP), which offers investors direct, physically backed exposure to XRP. Bitwise has high expectations for XRP in the burgeoning cryptocurrency landscape, citing its strong track record, low transaction costs, high trading volume, and dedicated community support. The ETF’s management fee is set at 0.34%, with a waiver until assets under management reach $500 million. This move comes shortly after Grayscale filed for its own spot XRP ETF and is expected to be accompanied by the launch of its Dogecoin ETF next Monday.