Overview
- Trading began Nov. 13 under ticker XRPC after Nasdaq made the listing effective at 5:30 p.m. ET on Nov. 12 via the Section 8(a) pathway.
- Day-one turnover reached about $55.5 million with roughly 2.26 million shares changing hands and an 11% intraday range, after $26 million traded in the first 30 minutes.
- The fund tracks the XRP-USD CCIXber Reference Rate Index, uses Gemini Trust and BitGo for custody, lists U.S. Bancorp Fund Services as administrator, and charges a 0.50% fee.
- The launch delivers the first single-token, spot XRP ETF to U.S. investors as Bitwise, Franklin Templeton, 21Shares, CoinShares, Grayscale, and WisdomTree pursue competing listings.
- Early flow data pointed to strong demand and active price discovery, with analysts noting whale accumulation before the debut followed by retail inflows.