Bitwise XRP ETF Launch Day 1 LIVE Updates: Fund Kicks Off With $2.27M Seed

Bitwise seeded its newly launched XRP ETF this morning with 1,119,660.33 XRP, valued at roughly $2.27 million. The move marks the official start of trading and signals strong early commitment from the issuer. The ETF, which provides spot exposure to XRP, enters the market as interest in XRP-based investment products continues to grow.

The Bitwise XRP ETF launched today on the NYSE under the ticker $XRP, becoming the second pure spot XRP fund in the U.S. market. Bitwise is aiming to beat the opening-day volume set by Canary’s XRPC ETF last week. The fund carries a 0.34% management fee, waived for the first month on the first $500 million. It offers direct spot exposure to XRP, the crypto designed to streamline global payments.