XRP to Start Trading on NYSE Tomorrow
Analysis
Price Impact
HighThe launch of bitwise's xrp etf on the new york stock exchange (nyse) with the 'xrp' ticker signifies a major step towards mainstream adoption and institutional access for xrp. this will likely introduce significant new capital into the ecosystem.
Trustworthiness
HighThe announcement comes from bitwise, a leading crypto fund manager, confirmed by its ceo, and specifies concrete details like the exchange (nyse), ticker (xrp), and management fee. other major financial players are also launching xrp etfs.
Price Direction
BullishAn xrp etf on nyse will open doors for traditional investors and institutions to gain exposure to xrp without directly holding the asset. this increased demand, liquidity, and legitimacy through a major exchange listing typically leads to positive price movement.
Time Effect
LongWhile there may be an immediate price reaction, the long-term effect of institutional investment vehicles like etfs is to provide sustained liquidity and attract continuous capital over time, fostering more stable and potentially upward price growth.
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Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitwise, the leading cryptocurrency index fund manager, has announced that its XRP will start trading on the New York Stock Exchange (NYSE) on Thursday. Advertisement CEO Hunter Horsley has confirmed that the product will have the much-coveted "XRP" ticker. The ETF will have a management fee of 0.34%, which is waived for the first month on the first $500 million in assets. HOT Stories XRP to Start Trading on NYSE Tomorrow Crypto Market Prediction: It's Not Over for Shiba Inu (SHIB), Can Solana (SOL) Avoid Death Cross? Ethereum (ETH) Price Crash Canceled Here Tom Lee on Market Crash: 'Bottoms Are Ugly' XRP Volume Up 73%, 120 Billion Shiba Inu (SHIB) Selling Wall About to Hit, Dogecoin (DOGE) Price Eyes Rebound — Crypto News Digest Bitwise claims that the XRP Ledger is interesting because it is one of the longest-running blockchains that has been around for roughly 13 years. As of today, XRP remains one of the largest altcoins, with its total market cap surpassing $125 billion. Advertisement Bitwise has also noted that XRP is capable of settling payments in mere seconds. Moreover, the XRPL is gaining significant traction in the tokenization sector, with money market funds, U.S. Treasuries, and other assets being tokenized on it. As reported by U.Today, Bitwise initially filed for an XRP ETF last October. XRP ETF bonanza The first US spot XRP ETF, the Canary XRP ETF (ticker: XRPC), was approved for listing by Nasdaq and began trading on or around November 13, 2025. This ETF is structured under the Securities Act of 1933, similar to the major Bitcoin and Ethereum ETFs. Financial giant Franklin Templeton also launched its XRP ETF on Nov. 18. 21Shares and CoinShares are both expected to launch their respective spot XRP products within the November 20-22 window. The final wave of the month is anticipated to include major issuers like Grayscale and WisdomTree (Nov. 24 or 25). #XRP News #Bitwise #Ripple News