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Bitwise Unveils XRP ETF With Introductory Fee Waiver

Bitwise Unveils XRP ETF With Introductory Fee Waiver

Bitwise's XRP ETF debuted on the NYSE with strong first-day trading volume, complemented by a temporary fee waiver to encourage early investor participation.

XRP

Fact Check
The assessment is based on overwhelming evidence from multiple high-authority primary sources that directly support both parts of the statement. The launch of a Bitwise XRP ETF is unequivocally confirmed by an official press release on the Bitwise website, two syndicated versions of the same press release, and a data listing from the Depository Trust & Clearing Corporation (DTCC), which shows the ETF exists within the core financial market infrastructure. The second part of the claim, regarding the introductory fee waiver, is explicitly confirmed in the title of a press release from Bitwise distributed via PRNewswire: "Bitwise XRP ETF Launches on NYSE, 0.34% Fee Waived". This is a primary source and provides direct, specific evidence. While the summary of the press release on Bitwise's own website does not mention the fee waiver, this is an omission rather than a contradiction. The positive and explicit confirmation in the other official company announcements carries more weight. The lower-authority sources are speculative, outdated, or less specific and do not meaningfully impact the conclusion. The consistency across multiple highly credible and relevant primary sources makes the statement very likely to be true.
Summary

Bitwise Asset Management announced the official debut of its XRP ETF on the New York Stock Exchange on November 20, under ticker XRP. The product recorded notable first-day trading volume, marking a strong market entry. The ETF carries a 0.34% annual management fee, waived until assets under management reach $500 million. This offering becomes Bitwise’s 49th cryptocurrency investment product across the U.S. and Europe, aiming to expand regulated digital asset access for investors.

Terms & Concepts
  • XRP ETF: An exchange-traded fund designed to track the performance of XRP, offering investors exposure without directly holding the cryptocurrency.
  • NYSE (New York Stock Exchange): One of the world's largest securities exchanges, where stocks, ETFs, and other assets are traded.
  • Fee Waiver: A temporary suspension of management or trading fees, often used to attract initial investors to a fund.