November 20, 2025<\/strong> marks a turning point for the XRP ecosystem. Bitwise has officially launched its exchange-traded fund (ETF) for XRP<\/a> 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<\/strong>, demonstrating the persistent appetite of institutional investors for this cryptocurrency.<\/p>\n\n\n\n This initiative is not Bitwise’s first foray into the XRP<\/a> universe. The company was already managing the Bitwise Physical XRP ETP, an exchange-traded product administering $230 million<\/strong> in assets. The arrival of this ETF on the NYSE nevertheless represents a major milestone<\/strong>, as it offers simplified and regulated access to American investors wishing to gain exposure to XRP without holding it directly.<\/p>\n\n\n\n The timing of the launch coincides with a period of turbulence in the crypto markets<\/strong>. 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%<\/strong> to reach $1.80<\/strong>.<\/p>\n\n\n\n Bitwise positions its product as a gateway to a global payments market valued at $250 trillion<\/strong>, a segment that Ripple aims to transform through its blockchain<\/a> technology. For traditional Wall Street investors, this ETF removes the technical obstacles related to custody and securing digital assets, while respecting existing regulatory frameworks.<\/p>\n\n\n\n