Bitwise’s XRP ETF Launches on NYSE Arca With Waived Fee

Key Points on Bitwise's XRP ETF Launch

Bitwise has launched its XRP ETF on NYSE Arca with a 0.34% fee waived on the first $500M, positioning XRP for institutional investors.
XRP experienced a drop of over 9% prior to the launch before recovering, indicating increased speculative and hedging activity.
The introduction of the ETF is expected to normalize exposure to cryptocurrencies like BTC and ETH, with altcoins potentially benefiting from a secondary wave of investment interest.

Emerging Projects in the Post-ETF Landscape

Best Wallet Token ($BEST): A non-custodial wallet aiming to serve new crypto users transitioning from traditional finance. It offers features like fiat on/off-ramps, portfolio tracking, and cross-chain swaps.
Bitcoin Hyper ($HYPER): A Layer-2 solution for Bitcoin leveraging the Solana Virtual Machine, enabling fast transactions and reduced costs, thus facilitating BTC-denominated DeFi and other applications.
Ionix Chain ($IONX): An AI-native blockchain designed for high throughput and low fees, targeting AI-heavy workloads with an innovative consensus mechanism and revenue sharing for token holders.

The launch of the XRP ETF by Bitwise signifies a growing institutional acceptance of cryptocurrencies, paving the way for broader investment strategies in digital assets.