XRP

About XRP

Bitwise XRP ETF is a spot-based exchange-traded fund designed to provide direct exposure to XRP, the world's third-largest cryptocurrency by market capitalization. Managed by Bitwise Asset Management, the fund holds physical XRP tokens, enabling investors to participate in the performance of XRP without needing to directly own or manage digital wallets. The ETF is notable for its connection to the XRP Ledger, a blockchain focused on ultra-fast, low-cost tokenization and settlement of both crypto-native and traditional assets, including U.S. Treasuries, bonds, and commercial paper. XRP’s technology aims to modernize global payments by facilitating efficient cross-border transactions and supporting asset tokenization, with settlement times averaging 3-5 seconds and daily volumes exceeding $1.9 billion. The launch of Bitwise XRP ETF offers greater accessibility for institutional and retail traders, underscoring XRP’s evolving role in reshaping payment and asset transfer infrastructure within the financial market. The fund operates with a 0.34% management fee, currently waived for the first $500 million in assets for one month, reflecting Bitwise’s commitment to lowering barriers to entry for exposure to major digital assets.