As per BitMedia, investment firms Bitwise and Grayscale have announced the upcoming launch of their XRP spot ETFs in the U.S. Bitwise's XRP ETF (XRP) is expected to begin trading on November 20 on the New York Stock Exchange (NYSE) with a 0.34% management fee. To attract investors, Bitwise has waived the fee for one month until the fund reaches $500 million in assets. Bitwise filed its S-1 form with the U.S. Securities and Exchange Commission (SEC) on October 31 after delaying its plans due to a 43-day U.S. government shutdown. The company highlighted XRP's fast transaction times and low fees, as well as its fourth-place market capitalization of $125 billion. Grayscale also announced its XRP spot ETF, with its XRP Trust (GXRP) expected to launch the following week. Canary Capital recently launched the first U.S. XRP spot ETF, trading under the ticker XRPC on Nasdaq with nearly $300 million in investments.
Bitwise Announces XRP ETF Launch Date for November 20
BitMediaShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.