Bitwise’s new XRP exchange-traded fund is set to go live when markets open on Thursday under the ticker “XRP.”
Bitwise Asset Management has confirmed that its new spot exchange-traded fund (ETF) tracking XRP is set to launch on Thursday, under the ticker “XRP.”
The new fund will go live on the New York Stock Exchange, the asset manager announced, which X users were quick to applaud, and also pointed out the possible confusion it could cause with the token.
Typically, crypto ETFs feature a version of the asset manager’s name and the underlying crypto asset in the ticker, such as Fidelity’s FBTC and ARK Invest’s ARKB, which track Bitcoin, or Bitwise’s Solana ETF BSOL and BlackRock’s Ether Trust ETHA tracking Solana (SOL) and Ether (ETH).
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