A new XRP product is landing on Wall Street, and the ticker choice alone is already stirring the crypto market.
Bitwise XRP ETF Launches on NYSE
Bitwise confirmed that its new spot XRP ETF will begin trading on the New York Stock Exchange tomorrow under the ticker XRP.
The firm said the product carries a 0.34% management fee, waived for the first month on the first $500 million in assets.
According to Bitwise, the ETF gives investors regulated access to spot XRP without requiring self-custody.
The announcement appeared with the official promotional image of the ETF, showing the large “XRP” ticker and Bitwise branding. The fund joins a growing wave of single-asset crypto ETFs now reaching U.S. markets.
Bitwise noted that the structure mirrors its Bitcoin and Ethereum spot products, following the same process of registering the trust in Delaware before submitting the SEC filing.
Ticker “XRP” Triggers Confusion Among Developers and Analysts
The choice of ticker immediately became the center of conversation. Developers and analysts commented that using “XRP” for both the crypto asset and the ETF may blur the line between the token and the product.
One developer reacted by saying the community will “need explainers” to differentiate between XRP the asset and XRP the Bitwise ETF.
The concern grew as several posts highlighted that the ticker choice could lead to misunderstandings in charts, apps, and trading dashboards.
Because XRP is widely used across exchanges, the overlap creates a scenario where traders must verify whether they are looking at token data or ETF data.
Market analysts compared the reaction to earlier debates around Ethereum-based ETFs, where product tickers closely resembled the underlying asset.
They noted that ticker selection often carries branding weight, especially when the fund targets mainstream investors.
Market Voices Claim ETF Will Separate Retail Trading From Native XRP
A high-profile comment from developer Vincent Van Code added a new angle to the discussion. He said the long-term goal is clear: native XRP will serve the wholesale layer, while retail users will mostly interact with the ETF.
He pointed to wholesale settlement, custody, and transfers as the areas where native XRP and XRPL would remain essential.
His comment drew attention because it frames the ETF not as a competitor to the asset, but as a parallel instrument.
This view suggests that retail markets may gradually shift toward regulated products, while institutional systems continue to run on-chain.
Reactions on X show that the community is split. Some users see the ETF as a validation step for XRP’s broader adoption.
Others argue that the ticker overlap may complicate how people interpret liquidity, price movement, and trading volume across platforms.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: November 20, 2025 • 🕓 Last updated: November 20, 2025
