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Bitwise and Grayscale Reveal Fees for Planned XRP and Dogecoin ETFs

Grayscale confirms a 0.35% management fee for its spot XRP and Dogecoin ETFs, aligning with disclosed plans amid accelerating SEC approval timelines.

XRP
DOGE

Summary

On November 4, official filings confirmed Grayscale will charge a 0.35% management fee for its spot XRP and Dogecoin ETFs. Bitwise previously announced a 0.34% fee for its planned XRP ETF. Current SEC regulations allow these crypto ETFs to launch within 20 days without prior approval, and NovaDius expects the first spot XRP ETF to debut within two weeks.

Terms & Concepts
  • XRP ETF: An exchange-traded fund offering investors exposure to XRP without directly holding the cryptocurrency.
  • SEC (U.S. Securities and Exchange Commission): The U.S. financial regulator overseeing securities markets and enforcing securities laws.
  • Spot ETF: An ETF that holds the underlying asset directly rather than using derivatives, providing price tracking based on real-time market value.