Bitwise XRP ETF Debuts on NYSE Following SEC Approval

According to Odaily, on November 20, Eastern Time, the Bitwise XRP ETF (ticker: XRP) was officially listed on the New York Stock Exchange after receiving approval from the U.S. Securities and Exchange Commission (SEC). Data from SoSoValue indicates that on November 20, the total net inflow for XRP spot ETFs was $118 million. On its first day of trading, the Bitwise XRP ETF saw a net inflow of $105 million, with a trading volume of $26.41 million and a total net asset value of $108 million. The Canary XRPC ETF experienced a single-day net inflow of $12.8 million, bringing its historical total net inflow to $305 million. As of the time of reporting, the total net asset value of XRP spot ETFs stands at $385 million, with an XRP net asset ratio of 0.32%. The historical cumulative net inflow has reached $411 million. The Bitwise XRP ETF allows for cash or physical redemption and has a management fee rate of 0.34%.