Bitwise Asset Management has launched its spot XRP Exchange Traded Fund (ETF) on the New York Stock Exchange, marking a significant move that could boost Ripple’s global profile. The new product, trading under the “XRP” ticker, is being made available with no management fees for investments up to $500 million during the first month. This initiative follows in the footsteps of Canary Capital’s XRPC fund, which has already captured substantial investor attention. Bitwise CEO Matt Hougan praised XRP, highlighting its robust network and efficient transaction capabilities. The introduction of a second XRP ETF in the United States creates significant opportunities for broader adoption and accessibility.