Bitwise XRP ETF Launch Impresses Investors
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Bitwise XRP ETF Launch Impresses Investors

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Azeez Mustapha

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Bitwise set a strong tone on day one, with its XRP ETF debut immediately capturing investor attention. After sharing its opening-day metrics on X, the firm reinforced the growing demand for regulated, brokerage-ready XRP exposure.

A Strong Debut

Bitwise reported impressive first-day activity, recording $25.7 million in trading volume and $107.6 million in assets under management. The firm also highlighted its ultra-competitive 0.34% management fee—the lowest in the segment—along with a 0% introductory fee for the first month on the first $500 million in assets.


Positioning Within a Growing Field

The ETF enters a rapidly expanding market shaped by Rex Osprey’s XRPR and Canary Capital’s XRPC, both of which attracted strong early flows. Their success created a foundation of demand that Bitwise now builds upon with greater scale and distribution strength. Its first-day performance confirms meaningful appetite for XRP in a regulated ETF structure.

More Issuers Prepare to Enter

Major firms such as Franklin Templeton, CoinShares, and Grayscale are set to launch their own XRP ETFs shortly, signaling a fast-maturing segment. Bitwise’s strong debut now serves as a benchmark, showcasing rising institutional interest and giving the firm a solid footing as more issuers join the market.

Key XRP Levels to Watch – November 22

Bitwise XRP ETF Launch Impresses InvestorsFollowing the broader ETF momentum, XRP’s market structure continues to evolve. After reaching a yearly peak of $3.660 in July, XRPUSD has been on a steady downward trajectory, producing consistent lower highs and repeatedly forming head-and-shoulders patterns. The latest decline pushed price below the $2.000 demand level, and XRP now appears to be heading toward the next key zone at $1.6360.

XRP Key Levels

Demand Levels: $2.000, $1.640, $1.300
Supply Levels: $2.650, $3.000, $3.390

XRP Metrics

  • Total Market Cap: $2.88T

  • XRP Market Cap: $115B

  • Volume: $6B

  • XRP Rank: 4

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