It is a big day for XRP in the United States as another XRP ETF fund compliant with the 33 Act is being launched. In a recent tweet, Bitwise's asset manager informed the cryptocurrency community that the Bitwise XRP ETF with the ticker $XRP started trading on the NYSE this morning. With the launch, investors gain a new way to get immediate exposure to XRP.
The launch of the Bitwise XRP ETF comes exactly one week after Canary Capital's XRP ETF XRPC, which made its debut on November 13.
In a tweet, Ripple's CEO Brad Garlinghouse responded to this moment. Congratulating Bitwise on the launch of the fund, Ripple's CEO added: "The pre-Thanksgiving rush (shall we say turkey race) for XRP ETF funds begins now."
The pre-Thanksgiving rush (shall we say, 'turkey race'!?) for XRP ETF funds begins now.. Congratulations @BitwiseInvest on the launch today! https://t.co/EgYVrm0TmM
— Brad Garlinghouse (@bgarlinghouse) November 20, 2025
A number of XRP ETF funds are expected to emerge in the coming days. Bloomberg Intelligence analyst James Seyfart expects next week to be eventful as Grayscale and Franklin Templeton's ETF funds are expected to launch on November 24.
Seyfart wrote in a tweet: "Our base case is that Grayscale's XRP ETF will start on Monday the 24th. Grayscale's Dogecoin ETF will also start. I believe Franklin Templeton's XRP ETF may also start on Monday the 24th." He added: "A lot is happening next week."
XRP breaks barriers
Canary Capital's XRPC fund, the first XRP ETF fund in the United States, made an impressive debut last Thursday with a trading volume of $58.5 million, the highest of any ETF fund launched this year across more than 900 fund launches, according to Bloomberg ETF analyst Eric Balchunas.
Trading volume surpassed Bitwise's Solana ETF (BSOL), which recorded $57 million on its first day, indicating institutional interest in the XRP token.
The market is closely watching the performance of the new Bitwise XRP ETF in light of this. The XRP token remains in the spotlight, attracting increasing social interest.
