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The Second XRP ETF Hits US Markets Today: Here’s How It’s Going So Far

The third-largest non-stablecoin cryptocurrency has one other exchange-traded fund monitoring its efficiency going dwell right now on Wall Street.

After Canary Capital’s launch final week, Bitwise’s XRP ETF hit the New York Stock Exchange underneath the XRP ticker as of this morning. The firm behind the asset described it as a “milestone day for the XRP neighborhood,” and outlined a few of the most notable info about Ripple and its native token.

A number of hours after the brand new crypto-focused monetary car reached the US markets, Bloomberg’s ETF knowledgeable mentioned that it had neared a $22 million buying and selling quantity on its opening day. He believes it’s “fairly spectacular” given the truth that it’s the second such ETF to go dwell within the US in only a week after Thursday’s launch of Canary Capital’s XRPC.

Recall that XRPC broke the records for a 2025 debut with a buying and selling quantity of just about $60 million on day one. Canary’s CEO was fast to congratulate Bitwise for the XRP ETF launch, which reveals Wall Street that “you don’t should be BlackRock to launch the highest 5 ETFs of 2025.”

In the meantime, the launch of two ETFs in only a week hasn’t spared the underlying asset from tumbling alongside the remainder of the cryptocurrency market. XRP is down by one other 2% up to now 24 hours because it simply slipped under $2.00. Moreover, the asset has plummeted by 15% since final Thursday, when Canary Capital’s ETF hit the markets.

The submit The Second XRP ETF Hits US Markets Today: Here’s How It’s Going So Far appeared first on CryptoPotato.

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