The post XRP ETF from Bitwise starts trading on NYSE with initial fee waiver appeared on BitcoinEthereumNews.com. Key Takeaways Bitwise launched the XRP ETF on NYSE with an initial one-month fee waiver for the first $500 million in assets. The ETF enables US investors to access spot XRP, supporting efficient global asset settlement on the XRP Ledger. Bitwise XRP ETF, a spot exchange-traded fund from Bitwise Asset Management, started trading on the NYSE on Thursday after clearing the exchange’s certification and SEC procedures. The ETF trades under the ticker XRP and carries a 0.34% management fee, which Bitwise is waiving for the first month on the initial $500 million in assets, according to its announcement. The new fund launches with around $2.3 million in AUM, which comes from seed capital supplied by market makers or authorized participants and held in the trust prior to the ETF’s first trading session. The Bitwise XRP ETF provides spot exposure to XRP, the third-largest crypto asset and the currency powering the XRP Ledger, an established blockchain built for rapid, low-cost settlement and tokenization. Bitwise CIO Matt Hougan said in a statement that XRP’s durability, efficiency, and active user base make it an “intriguing asset.” The ETF expands US access to XRP following Bitwise’s earlier European product. “In the new crypto-forward regulatory regime, XRP stands on an equal playing field with other digital assets. Now the market will have the opportunity to see what XRP can really do,” Hougan stated. The launch comes at a time when digital assets are starting to demonstrate practical value in the global economy, including in payments and financial infrastructure, according to Bitwise CEO Hunter Horsley. “With today’s launch of the Bitwise XRP ETF, we’re excited to help investors gain exposure to an asset that has the potential to fundamentally reshape how money moves worldwide,” he noted. Bitwise Asset Management, which oversees over $15 billion in client… The post XRP ETF from Bitwise starts trading on NYSE with initial fee waiver appeared on BitcoinEthereumNews.com. Key Takeaways Bitwise launched the XRP ETF on NYSE with an initial one-month fee waiver for the first $500 million in assets. The ETF enables US investors to access spot XRP, supporting efficient global asset settlement on the XRP Ledger. Bitwise XRP ETF, a spot exchange-traded fund from Bitwise Asset Management, started trading on the NYSE on Thursday after clearing the exchange’s certification and SEC procedures. The ETF trades under the ticker XRP and carries a 0.34% management fee, which Bitwise is waiving for the first month on the initial $500 million in assets, according to its announcement. The new fund launches with around $2.3 million in AUM, which comes from seed capital supplied by market makers or authorized participants and held in the trust prior to the ETF’s first trading session. The Bitwise XRP ETF provides spot exposure to XRP, the third-largest crypto asset and the currency powering the XRP Ledger, an established blockchain built for rapid, low-cost settlement and tokenization. Bitwise CIO Matt Hougan said in a statement that XRP’s durability, efficiency, and active user base make it an “intriguing asset.” The ETF expands US access to XRP following Bitwise’s earlier European product. “In the new crypto-forward regulatory regime, XRP stands on an equal playing field with other digital assets. Now the market will have the opportunity to see what XRP can really do,” Hougan stated. The launch comes at a time when digital assets are starting to demonstrate practical value in the global economy, including in payments and financial infrastructure, according to Bitwise CEO Hunter Horsley. “With today’s launch of the Bitwise XRP ETF, we’re excited to help investors gain exposure to an asset that has the potential to fundamentally reshape how money moves worldwide,” he noted. Bitwise Asset Management, which oversees over $15 billion in client…