Summary
- U.S. asset manager Bitwise said it will list the XRP spot ETF on the New York Stock Exchange.
- Bitwise set the ETF management fee at 0.34% and said that fees will be waived for up to $500 million in assets under management for one month after launch.
- Following Canary Capital, Grayscale and Franklin Templeton also announced plans to list XRP spot ETFs.
U.S. asset manager Bitwise's XRP spot exchange-traded fund (ETF) is launching today.
Bitwise said on the 20th (local time) that its new XRP spot ETF, 'XRP', will be listed on the New York Stock Exchange (NYSE) that day. Bitwise said "ETF management fee is 0.34%" and said "(after launch) fees will be waived for the first $500 million in assets under management (AUM) for one month."
This is the second time an XRP spot ETF has been launched in the U.S. Earlier, Canary Capital's first-ever U.S. XRP spot ETF was launched on the 13th of this month.
Meanwhile, Grayscale's and Franklin Templeton's XRP spot ETFs are expected to be listed in succession as early as the 24th.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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