#AltcoinSeasonLoading As of May 2025, there are two notable developments regarding XRP exchange-traded products (ETPs):
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🇺🇸 Bitwise XRP ETF (U.S.)
Bitwise Asset Management has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund (ETF). This ETF aims to provide direct exposure to XRP, the digital asset used in the XRP Ledger for cross-border payments. The fund would hold XRP directly and calculate its net asset value (NAV) based on the CME CF Ripple–Dollar Reference Rate – New York Variant. Coinbase Custody is proposed as the custodian, and BNY Mellon as the administrator and transfer agent. The SEC acknowledged the filing in March 2025, initiating a review period of up to 90 days.
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🇨🇭 21Shares XRP ETP (Europe)
21Shares offers the 21Shares XRP ETP (ticker: AXRP), a physically backed exchange-traded product listed on the SIX Swiss Exchange. This ETP provides investors with exposure to XRP's price movements. As of May 9, 2025, AXRP has a net asset value of $65.65 and manages assets totaling approximately $649.78 million. The product carries an annual total expense ratio (TER) of 2.50% and is 100% physically backed by XRP tokens held in cold storage.
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Investors interested in XRP-focused exchange-traded products currently have access to the 21Shares XRP ETP in European markets. In the U.S., the Bitwise XRP ETF is pending regulatory approval.
