Bitwise Enters the Market with Its XRP ETF Listed on the NYSE
November 20, 2025 marks a turning point for the XRP ecosystem. Bitwise has officially launched its exchange-traded fund (ETF) for XRP on the New York Stock Exchange (NYSE), under the ticker $XRP. In just a few hours, the fund collected $100 million in assets under management, demonstrating the persistent appetite of institutional investors for this cryptocurrency.
This initiative is not Bitwise’s first foray into the XRP universe. The company was already managing the Bitwise Physical XRP ETP, an exchange-traded product administering $230 million in assets. The arrival of this ETF on the NYSE nevertheless represents a major milestone, as it offers simplified and regulated access to American investors wishing to gain exposure to XRP without holding it directly.
The timing of the launch coincides with a period of turbulence in the crypto markets. The U.S. Federal Reserve recently modified its communication regarding December interest rates, triggering a wave of liquidations across the entire sector. XRP did not escape this selling pressure, losing 10% to reach $1.80.
Bitwise positions its product as a gateway to a global payments market valued at $250 trillion, a segment that Ripple aims to transform through its blockchain technology. For traditional Wall Street investors, this ETF removes the technical obstacles related to custody and securing digital assets, while respecting existing regulatory frameworks.
XRP Tests Key Support Levels
Price action shows that XRP is trading at a critical level. After breaking a major trendline, it is testing support at $1.77, a level already reached during the flash crash of October 10. Volume surged by 48% in 24 hours to reach $9 billion.Representing 8% of circulating supply, a typical signal of an inflection zone. With an RSI at 24, indicating extreme oversold conditions, a technical rebound or consolidation phase becomes likely. Stabilization around $1.80 could form a double bottom leading to a target of $2.30 (+21%).
The arrival of Bitwise’s XRP ETF on the NYSE opens the door to a new wave of institutional investors previously absent from the spot market, such as pension funds or family offices. Bitwise already manages $230M through its physical ETP and raised $100M on the first day of listing. Demonstrating real institutional appetite for regulated XRP exposure. These figures, still modest compared to Bitcoin ETFs, nevertheless lay a solid foundation for scaling up.
The regulatory context is restoring confidence. Ripple has obtained major legal clarifications in the United States, reducing the uncertainty that had constrained the market for years. If Bitwise attracts significant volumes, other giants like BlackRock, Fidelity, or Grayscale could launch their own products, which would amplify institutional flows and sustainably strengthen the XRP ecosystem.
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