Bitwise XRP ETF
XRP
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Bitwise XRP ETF (ticker: XRP) provides investors with direct exposure to XRP, the native cryptocurrency of the XRP Ledger designed for cross-border payments and tokenized real-world assets, through a physically backed exchange-traded product listed on NYSE Arca. The fund holds XRP in cold storage custody with Coinbase Custody Trust Company, LLC, establishes its net asset value by reference to the CME CF XRP-Dollar Reference Rate – New York Variant, and is managed by Bitwise Investment Advisers, LLC with administrative services from Bank of New York Mellon. Launched on November 19, 2025, the ETF features a management fee of 0.34%, waived for the first month on the initial $500 million in assets under management; it forms part of Bitwise Asset Management's broader suite of over 40 cryptocurrency investment products, including ETFs, trusts, and index funds focused on digital assets. The ETF targets institutional and retail investors seeking regulated, brokerage-accessible exposure to XRP without direct custody, amid growing demand for spot cryptocurrency products in the payments and blockchain sectors. Bitwise Asset Management, headquartered in San Francisco with a team of over 125 crypto specialists, oversees operations and provides research insights on XRP and broader crypto markets. In recent developments, the Bitwise XRP ETF launched amid a surge in XRP-related products, seeding with approximately 1.12 million XRP valued at $2.27 million and achieving over $25 million in first-day trading volume on November 20, 2025, while XRP ETFs collectively surpassed $1 billion in inflows by December 2025. This followed SEC clearance via S-1 amendments filed in late 2025, positioning Bitwise ahead of rivals like Canary Capital and Franklin Templeton in the U.S. spot XRP ETF race; the launch built on Bitwise's prior European XRP ETP introduced in 2022 and complemented Ripple's $500 million funding round in late 2025, which valued the company at $40 billion with participation from Citadel Securities, Pantera Capital, and Galaxy Digital.