Bitwise XRP ETF Launches with Strong Investor Interest
- The Bitwise XRP ETF recorded nearly $22 million in trading volume within hours of its launch.
- This ETF is the second product to market, following Canary Capital’s XRPC fund, which debuted with $59 million in first-day trading volume.
- Bitwise’s fund is listed on NYSE Arca under the ticker XRP and manages approximately $15 billion in assets.
- During early trading, Bitwise’s ETF attracted over $105 million in inflows.
- Ripple CEO Brad Garlinghouse celebrated the launch, referring to it as a “pre-Thanksgiving turkey trot” for XRP ETFs.
The successful launch of the Bitwise XRP ETF reflects growing institutional interest in cryptocurrency products, particularly as more spot XRP ETFs are expected to debut soon. This trend may help bolster the asset’s recovery from recent price declines.
With nearly $22 million in trading volume on its first day, the Bitwise XRP ETF demonstrates significant market demand for cryptocurrency investment vehicles. (Source)
