Bitwise Readies XRP ETF Launch — But the Ticker Steals the Spotlight
Bitwise Asset Management confirmed that its long-awaited XRP ETF will go live this Thursday on the New York Stock Exchange, sporting the eyebrow-raising ticker symbol “XRP.”
The announcement drew immediate applause from excited traders—followed quickly by waves of confusion.
Why? Because unlike Bitcoin and Solana ETFs, which use tickers like FBTC, BSOL, and ETHA, Bitwise has chosen the exact name of the underlying asset.
Many X users weren’t shy about voicing the potential chaos this might cause.
XRP ETF Ticker Sparks Heated Reactions Across Crypto Circles
Self-described technician and DeFi educator Krippenreiter (no verified official link available) questioned how Bitwise managed to secure the ticker:
“Now we’ll need to write explainers to differentiate between XRP the asset and XRP the Bitwise ETF.”
Others wondered how the symbol passed regulatory checks at all.
One user pointed out:
“There’s no ETF trading under the ticker BTC… how is this allowed?”
Still, not everyone was frustrated. Some investors congratulated Bitwise and suggested the ticker choice may be part of a larger strategic play.
Software engineer Vincent Van Code (no verified source available) argued the ticker could mark a shift in how XRP is used:
“Native XRP may become the wholesale token, while retail simply trades the ETF. That’s the endgame.”
Whether that theory holds water or not, one thing is clear:
No ETF ticker has ever caused this much noise before launch.
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Bitwise Builds on Its Global Momentum With Second XRP ETF
Bitwise filed for its U.S. spot XRP ETF in October 2024. But this isn’t its first rodeo — its Bitwise Physical XRP ETP (GXRP) has been live in Europe since 2022.
Bitwise CIO Matt Hougan praised XRP’s durability:
“It has operated successfully for a long time at extremely low cost. XRP processes high transaction volumes and has a strong, vibrant community.”
Hougan added that under the new pro-crypto regulatory environment, XRP now has a truly level playing field:
“Now the market can see what XRP can really do.”
XRP ETF Momentum Builds as More Issuers Prepare to Launch
Bitwise isn’t alone in the race.
Canary Capital’s XRPC ETF launched on Nov. 13 and pulled in over $250 million in its first day.
(Company has no confirmed official website available — left unlinked.)
Bloomberg’s James Seyffart predicts Grayscale and Franklin Templeton will likely debut their XRP ETFs on Nov. 24.
Hougan expects a massive wave of ETF approvals now that the U.S. government has reopened:
“We’re about to see ETF-palooza — over 100 fund launches.”
If true, the XRP ecosystem may be on the verge of a historic liquidity boost.
