The Bitwise XRP ETF officially launched on the New York Stock Exchange this morning, trading under the eye-catching ticker $XRP. Within hours of going live, the fund crossed 610,045 XRP traded, translating to $14.26 million in early volume. Updated projections now estimate the ETF could finish Day 1 with as much as $92.7 million.
Reacting to the launch, Ripple CEO Brad Garlinghouse congratulated Bitwise and joked that the “pre-Thanksgiving XRP ETF turkey trot” has officially begun.
His message quickly spread across the XRP community, highlighting how significant this moment is for XRP’s push into mainstream financial markets.
Bitwise CIO Matt Hougan echoed the excitement, calling the ETF debut a huge achievement for both the asset and the community behind it. “Very excited to launch the Bitwise XRP ETF,” Hougan said. “What a journey for this asset and this community. Excited to see what’s next.”
Even with the ETF’s strong launch, XRP’s price is seeing mild pressure. The token is down around 1%, trading near $2.10. Analysts warn that if XRP falls below $2.10, it could slip toward $1.95. Still, the ETF’s early performance shows demand for XRP exposure remains strong, even during broader market volatility.
With such a fast start, traders are now watching to see whether Bitwise’s ETF can challenge Canary Capital’s breakout debut earlier this month, which saw over $58.5 million in trading volume on Day 1. If current momentum continues, Bitwise may be on track to set a new benchmark for XRP ETFs.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The crypto market rout has intensified with heavy liquidation amid low liquidity. Although the Bitcoin…
XRP has returned to focus as recent price weakness coincides with a noticeable shift in…
The chief executive of Ripple has reaffirmed the company’s commitment to the XRP ecosystem, saying…
Blockchain payments company Ripple is expanding its institutional digital asset custody services through new partnerships…
Solana price saw a sharp pullback at the start of the month, with the price…
Bitcoin price is hovering near the $70,000 mark in early February 2026, a strong drawdown…
