Bitwise Set to Launch XRP ETF as Industry Momentum Builds

Bitwise is preparing to launch its highly anticipated XRP exchange-traded fund, with Bloomberg analyst James Seyffart confirming that the product is now live on the Bloomberg Terminal under the ticker “XRP.” Terminal listings usually appear only when an ETF is close to going live, reinforcing expectations that Bitwise will officially debut the fund tomorrow. The listing includes essential identifiers used by trading desks and institutional platforms, signaling that final preparations are nearly complete.

The upcoming launch adds to a wave of movement among major issuers preparing XRP-based investment products. Grayscale has already updated its XRP Trust filings as part of its transition toward a spot XRP ETF, changing its reference rate provider and adjusting internal calculations. These amendments are designed to prepare the trust for a seamless conversion once trading begins. Grayscale previously signaled an expected timeline around mid-November, and Seyffart now reports that both its XRP ETF (GXRP) and a new Dogecoin ETF are targeting a coordinated rollout on November 24.

Franklin Templeton is also positioning itself for an XRP ETF launch. According to Seyffart, filings indicate ongoing procedural steps that suggest a similar November 24 timeline, despite earlier speculation pointing to November 18. Analyst Zack Rector further clarified that once issuers remove the delay clause from their S-1 filings, a 20-day automatic SEC countdown begins. This process allows spot ETFs to go live without explicit SEC approval once the period expires, a method previously used during the U.S. government shutdown when Canary Capital advanced several crypto products, including Litecoin, XRP, Solana, and others.

With Bitwise expected to move first and other major issuers close behind, XRP is rapidly emerging as a focal point in the expanding regulated crypto ETF market. The coordinated filings and synchronized timelines underscore growing institutional interest in bringing XRP investment vehicles to mainstream investors, marking one of the most active periods for the asset in the ETF space.