The newly launched XRP ETF by Bitwise noticed spectacular investor exercise in the market after it launched yesterday. The fund has managed to submit practically $22 million in buying and selling quantity inside hours of going stay.
Bitwise XRP ETF Posts a Strong Opening Session
Bloomberg ETF analyst James Seyffart famous that Bitwise’s spot XRP fund recorded virtually $22 million in quantity. It even had greater than two hours of buying and selling nonetheless remaining on its first day.
With a bit over ~3 hours left in buying and selling @Bitwise‘s $XRP is sort of at $22 million in buying and selling in the present day. Quite spectacular for the second product to market a full week after @CanaryFunds‘ $XRPC which is the #1 launch by quantity this 12 months. https://t.co/muMjHEQ6gt pic.twitter.com/lGxRMn51Rw
— James Seyffart (@JSeyff) November 20, 2025
Seyffart termed the turnout as “impressive.” This is very contemplating Bitwise entered the market a full week after the profitable rollout of Canary Capital’s XRPC fund.
Today’s launch got here after the agency confirmed earlier that its spot fund would record on NYSE Arca under the ticker XRP. The firm manages round $15 billion in property and described the launch as a historic second.
Ripple CEO Brad Garlinghouse welcomed the event and congratulated the agency. He joked {that a} “pre-Thanksgiving turkey trot” for the XRP funds had now begun.
The pre-thanksgiving rush (let’s say, ‘turkey trot’!?) for XRP ETFs begins now.. congrats @BitwiseInvest on in the present day’s launch! https://t.co/EgYVrm0TmM
— Brad Garlinghouse (@bgarlinghouse) November 20, 2025
The asset supervisor’s CIO additionally shared his pleasure in a submit proper after the launch.
“Very excited to launch the Bitwise XRP ETF. What a journey for this asset and this community. Excited to see what’s next,” he mentioned.
That’s on the again of a record-breaking debut from the Canary XRPC ETF. The fund launched final week and pulled in $59 million in first-day buying and selling quantity and $245 million in internet inflows. This made it the strongest ETF debut of 2025 amongst greater than 900 launches.
Bitwise’s personal product can be drawing in capital rapidly. Per SoSoValue, the fund recorded over $105 million in inflows throughout its early buying and selling window.
XRP ETF Ticker Starts Debate Among Users
The agency’s determination to make use of “XRP” as its official ticker sparked debate inside the crypto neighborhood. Crypto ETFs often comprise the branding of the issuer and an abbreviated reference to the asset.
A neighborhood member pointed out that analysts and educators could have some extra explaining to do now in differentiating between XRP the token and XRP the ETF.
Matt Hougan mentioned the choice of ticker was by design and never an accident.
The launch by Bitwise can be only one of the assorted XRP funds but to go stay. Many specialists nonetheless anticipate more spot XRP ETFs to go live in the approaching days. The launches will carry institutional inflows into XRP. This is especially vital because the asset appears to be like to recuperate from its current value downturn.
Among the upcoming issuers are names together with Franklin Templeton and Grayscale. The merchandise are as a consequence of be launched on November 24.
