Bitwise XRP ETF Launch Sees Strong Investor Demand in First Day

TLDR

• Bitwise launched its XRP ETF on NYSE Arca under the ticker XRP, attracting $22 million in trading volume within hours.
• Bloomberg’s James Seyffart described the early volume as “impressive,” highlighting that over two hours of trading remained on day one.
• The ETF’s strong debut follows the Canary Capital XRPC ETF’s successful launch, which raised $59 million in first-day volume.
• Bitwise’s XRP ETF saw inflows of over $105 million during its early trading window, demonstrating robust investor interest.
• Upcoming XRP ETFs from firms like Franklin Templeton and Grayscale are expected to boost institutional inflows into the XRP market further.

Bitwise launched its XRP ETF yesterday, attracting substantial investor interest. The fund saw almost $22 million in trading volume within hours of its debut. This comes a week after the launch of Canary Capital’s XRPC ETF, which posted substantial numbers.

Bitwise’s XRP ETF Trading Volume Soars

The Bitwise XRP ETF reached nearly $22 million in trading volume on its first day. James Seyffart, an ETF analyst at Bloomberg, called the turnout “impressive.” He highlighted that over two hours of trading remained on the first day, signaling continued demand.

Bitwise’s ETF launch occurred on NYSE Arca under the ticker XRP. The asset manager, which oversees $15 billion, called the event historic. “Very excited to launch the Bitwise XRP ETF. What a journey for this asset and this community,” said the firm’s CIO.

Canary XRPC ETF Leads with Strong Debut

The choice of “XRP” as the ETF ticker has sparked discussion within the crypto community. Analysts and educators may need to clarify the distinction between the token XRP and the XRP ETF. Matt Hougan from Bitwise explained the decision as intentional, noting the clarity it provides to investors.

The new ETF follows the debut of Canary Capital’s XRPC ETF, which raised $59 million on its first day. The XRPC fund also saw $245 million in net inflows, making it the top ETF launch of 2025. This shows strong demand for XRP-related financial products, with Bitwise’s offering also drawing investor interest.

The Bitwise XRP ETF has already seen inflows of over $105 million. This marks a strong early performance, reflecting growing investor confidence. Experts expect more XRP-based ETFs to launch soon, further boosting the asset’s appeal.

Other firms, such as Franklin Templeton and Grayscale, are set to launch their XRP ETFs on November 24. These upcoming ETFs are expected to attract additional institutional capital into the XRP market. As more products enter the market, XRP’s position as a tradable asset continues to strengthen.

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