TLDR
The spot XRP ETFs launched so far in the U.S. are from Canary Capital and Bitwise Asset Management.
- Canary Capitals XRPC on Nasdaq was the first spot XRP ETF, debuting with strong day-one activity per a report from The Block.
- Bitwises XRP ETF launched on the NYSE under ticker XRP, with a fee waiver on initial assets, as covered by The Block.
- Additional issuers like Grayscale, Franklin Templeton, 21Shares, CoinShares, and WisdomTree are cited as preparing products, with timing still evolving.
Deep Dive
1. Canary Capital
Canary Capital launched the first standard spot XRP ETF on Nasdaq under ticker XRPC, marking the initial U.S. spot vehicle for XRP exposure. Coverage highlighted robust day-one volume and significant early inflows for XRPC, helping to establish immediate traction for the product despite a weak broader market backdrop, according to The Blocks reporting on the launch. See the details in The Blocks piece on Canarys XRPC debut.
This was the first live spot XRP ETF in the U.S. market, setting a reference point for later issuers and validating demand for regulated XRP exposure.
2. Bitwise
Bitwise Asset Managements spot XRP ETF began trading on the NYSE under the ticker XRP, with a management fee of 0.34% waived for the first month on up to $500 million in assets. The product structure and launch timing were widely covered, with The Block noting the listing details and initial fee policy. Additional coverage reinforced trading volumes and early interest from investors in the first sessions after launch.
Bitwise adds scale and brand recognition to the new category, potentially deepening liquidity and encouraging further institutional participation.
3. Pipeline Of Issuers
Multiple reports point to a pipeline of other issuers preparing spot XRP ETFs. The Block indicated that Grayscale and Franklin Templeton were targeting near-term go-live dates, and mentioned the broader altcoin ETF wave. Separately, U.Today wrote that Franklin Templeton had already launched, while other reports framed it as forthcoming. AMBCrypto noted 21Shares preparatory steps (including a Form 8-A) and referenced additional proposed products from CoinShares and WisdomTree.
- Grayscale and Franklin Templeton timing: suggested as imminent in The Blocks coverage, with some conflicting reports on exact launch dates.
- 21Shares: preparatory filings and anticipated listing were cited by AMBCrypto.
- CoinShares and WisdomTree: referenced as preparing products by several outlets, with specifics still developing.
The field is expanding beyond the first two launches. Verify each funds actual listing notice and ticker before acting, and note that some sources conflict on exact go-live dates.
Conclusion
Confirmed U.S. spot XRP ETF launches so far come from Canary Capital (XRPC on Nasdaq) and Bitwise (XRP on NYSE). Grayscale, Franklin Templeton, 21Shares, CoinShares, and WisdomTree are reported as preparing products, but timelines vary by source. As more issuers go live, liquidity and institutional access to XRP could broaden, though verifying each funds listing details remains essential.
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