Bitwise XRP ETF Shatters Expectations with Record-Breaking First-Day Investor Frenzy

Wall Street meets crypto in explosive debut as institutional money floods XRP markets

The Digital Gold Rush Accelerates

Bitwise's XRP exchange-traded fund launched to unprecedented demand, signaling a seismic shift in traditional finance's acceptance of digital assets. Trading volumes smashed all previous crypto ETF records within hours of going live.

Institutional Gates Swing Wide Open

Pension funds, hedge funds, and retail investors piled into the newly available XRP exposure, bypassing the technical complexities of direct cryptocurrency ownership. The floodgates opened as regulatory clarity finally met market demand.

Market Validation Beyond Bitcoin

While Bitcoin ETFs paved the way, the XRP fund's immediate success proves institutional appetite extends far beyond the original cryptocurrency. Traditional finance veterans who once dismissed "altcoins" now scramble for allocation.

Regulatory Hurdles Cleared—For Now

The SEC's approval of multiple crypto ETFs marks a watershed moment, though skeptics note regulators still treat digital assets like rebellious teenagers—monitored closely but finally allowed at the adults' table.

Wall Street's latest embrace of crypto proves even the most conservative money managers can't ignore 300% returns—though they'll still call it 'portfolio diversification' while secretly chasing alpha. The revolution won't be televised—it'll be traded on NYSE.

TLDR

• Bitwise launched its XRP ETF on NYSE Arca under the ticker XRP, attracting $22 million in trading volume within hours.
• Bloomberg’s James Seyffart described the early volume as “impressive,” highlighting that over two hours of trading remained on day one.
• The ETF’s strong debut follows the Canary Capital XRPC ETF’s successful launch, which raised $59 million in first-day volume.
• Bitwise’s XRP ETF saw inflows of over $105 million during its early trading window, demonstrating robust investor interest.
• Upcoming XRP ETFs from firms like Franklin Templeton and Grayscale are expected to boost institutional inflows into the XRP market further.

Bitwise launched its XRP ETF yesterday, attracting substantial investor interest. The fund saw almost $22 million in trading volume within hours of its debut. This comes a week after the launch of Canary Capital’s XRPC ETF, which posted substantial numbers.

Bitwise’s XRP ETF Trading Volume Soars

The Bitwise XRP ETF reached nearly $22 million in trading volume on its first day. James Seyffart, an ETF analyst at Bloomberg, called the turnout “impressive.” He highlighted that over two hours of trading remained on the first day, signaling continued demand.

With a bit over ~3 hours left in trading @Bitwise's $XRP is almost at $22 million in trading today. Quite impressive for the second product to market a full week after @CanaryFunds' $XRPC which is the #1 launch by volume this year. https://t.co/muMjHEQ6gt pic.twitter.com/lGxRMn51Rw

— James Seyffart (@JSeyff) November 20, 2025

Bitwise’s ETF launch occurred on NYSE Arca under the ticker XRP. The asset manager, which oversees $15 billion, called the event historic. “Very excited to launch the Bitwise XRP ETF. What a journey for this asset and this community,” said the firm’s CIO.

Canary XRPC ETF Leads with Strong Debut

The choice of “XRP” as the ETF ticker has sparked discussion within the crypto community. Analysts and educators may need to clarify the distinction between the token XRP and the XRP ETF. Matt Hougan from Bitwise explained the decision as intentional, noting the clarity it provides to investors.

The new ETF follows the debut of Canary Capital’s XRPC ETF, which raised $59 million on its first day. The XRPC fund also saw $245 million in net inflows, making it the top ETF launch of 2025. This shows strong demand for XRP-related financial products, with Bitwise’s offering also drawing investor interest.

The Bitwise XRP ETF has already seen inflows of over $105 million. This marks a strong early performance, reflecting growing investor confidence. Experts expect more XRP-based ETFs to launch soon, further boosting the asset’s appeal.

Other firms, such as Franklin Templeton and Grayscale, are set to launch their XRP ETFs on November 24. These upcoming ETFs are expected to attract additional institutional capital into the XRP market. As more products enter the market, XRP’s position as a tradable asset continues to strengthen.