XRP ETF Launches Successfully on US Markets: Initial Performance Updates
A new ETF tracking XRP goes live, marking a significant day for the cryptocurrency market.
Today marks the launch of another exchange-traded fund (ETF) for XRP, the third-largest non-stablecoin cryptocurrency, on Wall Street.
Following last week’s launch by Canary Capital, Bitwise’s XRP ETF is now trading on the New York Stock Exchange under the ticker symbol XRP. The company described today as a “milestone day for the XRP community,” highlighting key facts about Ripple and its token.
Milestone day for the XRP community!
This morning, the Bitwise XRP ETF began trading on NYSE (ticker: $XRP). Today’s launch provides investors with a new, convenient method to gain spot exposure to XRP, a cryptocurrency aiming to shake up the $250 trillion global payments market.Image
— Bitwise (@BitwiseInvest) November 20, 2025
A few hours after the ETF debuted, Bloomberg’s ETF expert shared that trading volume reached nearly $22 million on its first day. He called this figure “quite impressive” considering it’s the second ETF launched in the US within a week after last Thursday’s kickoff of Canary Capital’s XRPC.
Remember that XRPC set a record for a 2025 debut, achieving almost $60 million in trading volume on its launch day. Canary’s CEO congratulated Bitwise for the XRP ETF’s introduction, indicating that “you don’t have to be BlackRock to launch the top 5 ETFs of 2025.”
Huge congratulations to our friends at @bitwise on their XRP ETF today!
We are showing Wall Street that you don’t have to be BlackRock to launch the top 5 ETFs of 2025. We wish you success in getting this one in the top 5 as long as you don’t knock us out of first.
— Steven McClurg (@stevenmcclurg) November 20, 2025
However, the recent launches did not prevent XRP from falling alongside the broader cryptocurrency market. In the past 24 hours, XRP has dropped by another 2%, now trading below $2.00, and has declined by 15% since last Thursday when XRPC debuted.
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