Bitwise XRP ETF to Launch Thursday, but Community Questions Ticker

Why It Matters

The launch adds a high‑visibility, U.S.-listed vehicle for institutional and retail investors to access XRP, potentially boosting liquidity and mainstream acceptance of the token amid a broader surge of crypto ETF listings.

Summary

Bitwise Asset Management announced that its spot XRP exchange‑traded fund will debut on the New York Stock Exchange Thursday under the ticker “XRP.” The ticker choice sparked debate on X, with some users warning it could be confused with the digital token, while others praised the branding and speculated it could drive retail adoption of XRP. This is Bitwise’s second U.S. XRP product after the GXRP ETP launched in Europe, and follows a wave of new crypto ETFs, including Canary Capital’s XRPC and upcoming offerings from Grayscale and Franklin Templeton. The firm’s CIO Matt Hougan highlighted XRP’s low‑cost, high‑volume transaction profile as a key driver for the fund’s launch.