Bitwise’s XRP ETF Shines on Debut, Setting a Market Pace

Bitwise launched its XRP exchange-traded fund (ETF) with impressive initial results, suggesting increased investor interest in regulated XRP products. The firm’s debut revealed robust trading volume and substantial asset under management (AUM). 3 key metrics from the first day of trading were highlighted: $25.7 million in trading volume, $107.6 million in AUM, with a 0.34% management fee for the fund. This low rate is set at 0% for the initial month if assets under management reach the first $500 million.