Bitwise Launches First XRP Spot ETF on NYSE, Facilitating Institutional Entry into Crypto

Bitwise Asset Management has launched the Bitwise XRP ETF on the NYSE, marking a significant milestone in institutional adoption of Ripple’s native cryptocurrency. This spot-based ETF offers investors direct exposure to XRP and allows them to participate in its potential for market growth with reduced initial cost thanks to waived fees. This launch may reshape how institutions interact with cryptocurrencies by offering a more accessible path into the XRP ecosystem.