Bitwise Asset Management confirmed a spot XRP exchange-traded fund will launch Thursday on the New York Stock Exchange using the ticker “XRP.” The announcement prompted mixed online reactions—some praising the straightforward branding while others flagged potential ticker/asset ambiguity. Bitwise previously filed with the SEC in October 2024 and launched a European Physical XRP ETP (GXRP) in 2022. Other spot XRP ETFs (Canary Capital’s XRPC, Grayscale, Franklin Templeton) are launching or expected soon. Bitwise CIO Matt Hougan highlighted XRP’s low costs, high throughput and strong community and predicted more ETF launches to follow.

Bitwise confirmed a concrete, near-term catalyst: a spot XRP ETF launching Thursday on the NYSE under the ticker “XRP,” which is likely to attract trading attention. The summary also notes prior related products (GXRP) and imminent competing ETF launches, increasing potential flow into XRP. The announcement generated mixed reactions about ticker/asset ambiguity, introducing some short-term uncertainty.