Blockchain

XRP ETF Launches on NYSE—You Cannot Ignore This News

XRP ETF Goes Live! Don't Miss Out as Bitwise and Ripple Signal a Massive Shift in Global Payments. Is Your Portfolio Ready?
The XRP ETF is here. The game has officially changed.
  • Historic Launch: Investment firm Bitwise has officially launched the first-ever spot XRP Exchange-Traded Fund (ETF).
  • Major Exchange Listing: The Bitwise XRP ETF is now actively trading on the prestigious New York Stock Exchange (NYSE) under the ticker symbol $XRP.
  • Ripple CEO's Endorsement: Ripple CEO Brad Garlinghouse publicly celebrated the launch, calling it a "milestone day" and signaling strong institutional backing.
  • Market Disruption: The new ETF provides investors with direct spot exposure to XRP, an asset Bitwise notes is aimed at disrupting the $250 trillion global payments market.

XRP Hits Wall Street: Bitwise Launches Spot ETF on NYSE

In a landmark move for the digital asset industry, investment firm Bitwise has successfully launched its XRP ETF, which began trading this morning on the New York Stock Exchange. The fund, accessible under the ticker symbol $XRP, marks a pivotal moment for the XRP community and provides a new, regulated avenue for investors to gain exposure to the cryptocurrency.

Ripple CEO Brad Garlinghouse Celebrates the Milestone

Brad Garlinghouse, the CEO of Ripple, the company most closely associated with XRP, quickly took to social media to express his excitement. He congratulated Bitwise on the launch, heralding the beginning of what he called the "pre-thanksgiving rush for XRP ETFs." His public endorsement confirms the significance of this development, reinforcing the long-held belief of many XRP supporters that the asset was destined for mainstream financial products.

The pre-thanksgiving rush (shall we say, 'turkey trot'!?) for XRP ETFs starts now.. congrats @BitwiseInvest on today's launch! https://t.co/f59quSposn— Brad Garlinghouse (@bgarlinghouse) November 20, 2025

A New, Convenient Gateway for Investors

In its official announcement, Bitwise framed the launch as a "milestone day for the XRP community." The firm emphasized that the ETF offers investors a "new, convenient way to get spot exposure to XRP." Unlike futures-based products, a spot ETF holds the underlying asset directly, a feature many investors see as a more authentic and secure form of investment. This direct access through a traditional and trusted platform like the NYSE is expected to attract a new wave of capital from both retail and institutional players who were previously hesitant to enter the crypto market.

Milestone day for the XRP community! This morning, the Bitwise XRP ETF began trading on NYSE (ticker: $XRP). With today’s launch, investors have a new, convenient way to get spot exposure to XRP, the crypto asset looking to disrupt the $250 trillion market for global payments. pic.twitter.com/1kO00B1t61— Bitwise (@BitwiseInvest) November 20, 2025
Targeting the $250 Trillion Global Payments Market

The strategic importance of this launch was not lost in Bitwise's messaging. The firm highlighted XRP's core mission: to "disrupt the $250 trillion market for global payments." For years, XRP has been promoted as a faster, cheaper, and more efficient solution for cross-border transactions compared to traditional systems like SWIFT. The approval and launch of a spot ETF on the NYSE lend significant credibility to this vision, potentially accelerating its adoption and cementing its role in the future of finance. This move is more than just a new investment product; it's a validation of XRP's utility and a warning shot to legacy financial systems.

Read more