Bitwise Asset Management has launched its spot XRP ETF on the New York Stock Exchange under the ticker “XRP.” This marks the firm’s entry into the market, with a special introductory offer waiving the 0.34% fund management fee for assets up to $500 million during the first month. The move comes after Canary Capital’s successful XRPC ETF, which attracted over $276.8 million in net inflows. Bitwise’s new product offers investors broader access to XRP through ETF-based strategies, further expanding its reach as one of the most widely traded altcoins globally. Matt Hougan, CIO of Bitwise, highlighted the low transaction fees and high volume capabilities of XRP, calling it a powerful network for cross-border payments.