Bitwise and 21Shares to Launch Spot XRP ETF: Is XRP Price Rebound Next?

• The Bitwise XRP ETF has a management fee of 0.34% and currently waived for the first month on the first $500M in assets.
• The 21Shares XRP ETF will launch on Cboe BZX under a ticker TOXR.
• The two join 7 other fund managers already offering spot XRP ETFs in the United States.

The United States Securities and Exchange Commission (SEC) has approved Form 8-A for Bitwise and 21Shares to launch their spot XRP exchange-traded funds (ETFs). Bitwise Investments announced that the Bitwise XRP ETF (XRP) is set to begin trading on NYSE exchange today.

“We’re thrilled to launch $XRP and bring XRP’s potential real-world impact to investors through a professionally managed investment vehicle,” Bitwise noted. 

Bitwise Joins a Growing List of Spot XRP ETFs

Bitwise announced that its spot XRP ETF will have a management fee of 0.34%. However, the fund will waive for th…

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