Bitwise Asset Management launches XRP ETF 21 November 2025US Reporter: Matthew Challis
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Crypto asset manager, Bitwise Asset Management, has announced the launch of the Bitwise XRP ETF on the New York Stock Exchange, holding spot XRP as the underlying asset.
Bitwise chief information officer, Matt Hougan, believes XRP “has operated successfully for a very long period of time at extremely low costs, it processes high transaction volumes, and it has a really strong and vibrant community of supporters”.
He adds: “In the new crypto-forward regulatory regime, XRP stands on an equal playing field with other digital assets.”
Hunter Horsley, CEO of Bitwise, sees digital assets as taking on “real utility in the global economy, whether that’s powering payments, building infrastructure, or earning a permanent role in diversified portfolios”.
According to the firm, XRP is the third-largest crypto asset globally.
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