Quick Breakdown
- Bitwise will debut its spot XRP ETF on Thursday under the ticker “XRP,” sparking debate among crypto users.
- Some market participants say the ticker could confuse investors, while others believe it offers strong brand recognition.
- More XRP ETFs are expected in the coming weeks, signalling a busy period for new digital-asset fund launches.
XRP ETF ticker divides crypto community
Bitwise Asset Management’s decision to list its new spot XRP exchange-traded fund under the ticker “XRP” has stirred mixed reactions across the crypto community. The fund, set to debut Thursday on the New York Stock Exchange, mirrors Ripple’s native token’s name, a move some say is clever branding, while others argue it could cause unnecessary confusion.
Big news: The Bitwise XRP ETF is set to begin trading on NYSE tomorrow with the ticker $XRP.
It has a management fee of 0.34%, which is waived for the first month on the first $500M in assets. This product brings investors spot exposure to XRP, the crypto asset that aims to… pic.twitter.com/0GLR37NnuI
— Bitwise (@BitwiseInvest) November 19, 2025
Debate over branding vs. clarity
The conversation kicked off when X user and DeFi educator Krippenreiter questioned how Bitwise managed to secure “XRP” as an official ticker, noting that analysts may now have to explain the difference between the token and the ETF.
Another user, Elliot, echoed similar concerns, asking how regulators approved such a potentially confusing symbol. He compared it to Bitcoin, pointing out that no ETF uses the ticker “BTC.”
But not everyone was critical. Some praised Bitwise for securing the ticker, arguing that it offers instant recognition. One engineer, Vincent Van Code, even suggested that the choice may hint at a longer-term strategy where native XRP plays a wholesale settlement role, while retail investors prefer trading the ETF.
Why Bitwise went big with XRP
Bitwise, which previously launched its European-listed GXRP ETP in 2022, filed for its US spot XRP ETF in October 2024. Chief investment officer Matt Hougan described XRP as “an intriguing asset” with low transaction costs, high throughput and a strong community backing its long-running ecosystem.
He added that under the new “crypto-forward regulatory regime,” XRP is now on equal footing with other top digital assets, giving markets a chance to measure its real potential.
A wave of XRP ETFs on the way
Bitwise isn’t alone in targeting XRP exposure. Canary Capital’s XRPC ETF, launched on November 13, attracted over $250 million in day-one inflows. Meanwhile, Bloomberg ETF analyst James Seyffart expects Grayscale and Franklin Templeton to roll out their own XRP ETFs as early as November 24.
Hougan also predicted an “ETF-palooza” now that the government shutdown has ended, with more than 100 crypto-related funds expected to hit the market soon.
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