How Did Bitwise Get ‘XRP’? Community Asks as New ETF Goes Live
The post How Did Bitwise Get ‘XRP’? Community Asks as New ETF Goes Live appeared on BitcoinEthereumNews.com.
Key Insights Bitwise launches its spot XRP ETF on the NYSE under the ticker “XRP,” drawing both praise and confusion for using the same symbol as the token itself. Traders question how such a potentially confusing ticker passed regulatory review, while others view the branding as a strategic win. The debut comes amid a broader wave of XRP ETF launches, signaling growing institutional interest and competition in the segment. Crypto news: Bitwise Asset Management launched its new spot XRP ETF on Nov. 20, 2025, listing on the NYSE Arca under the ticker XRP. The fund began trading Nov. 20 with a 0.34% management fee (waived on the first $500 million of assets for one month). This follow-up comes a week after Canary Capital Group rolled out its first U.S. spot XRP ETF (ticker XRPC) on Nov. 13, 2025 – an ETF that drew over $250 million of inflows on day one. Bitwise’s release highlighted XRP’s 13-year history and $125 billion market cap, noting that XRP “powers the XRP Ledger, a blockchain that focuses on efficient exchange, tokenization, and settlement.” In short order, the new ETF extends the wave of crypto products beyond Bitcoin – but traders immediately zeroed in on the choice of ticker. Crypto news: Ticker Sparks Debate Within hours of the launch, crypto news feeds on X (formerly Twitter) lit up with questions about the ticker XRP. Users noted that no prior U.S. crypto ETF had ever used the exact underlying token’s symbol. “Very confusing ticker symbol. How can that be allowed? There’s no ETF with the ticker BTC, is there?” one trader commented. Another, a DeFi educator known as “Krippenreiter,” asked bluntly how Bitwise “were able to choose XRP to be [their] official ticker,” adding that the firm would now have to “write explainers to differentiate between XRP, the asset,…
