XRP — Bitwise XRP ETF
This exchange-traded fund (ETF) provides a passively managed pathway for investors to gain access to XRP. The valuation of the fund's underlying assets is determined by the CME CF XRP Dollar Reference Rate New York Variant, a USD-denominated benchmark that establishes the official XRP price daily at 4:00 PM Eastern Time. This reference rate is calculated by compiling executed trade data from prominent XRP trading platforms. Additionally, an Indicative Trust Value (ITV) per share, reflecting the CME XRP Real-Time Price, is disseminated every 15 seconds during standard market hours, from 9:30 AM to 4:00 PM ET. XRP can be employed for transactional purposes, such as purchasing goods and services, or converted into traditional fiat currencies. However, its fundamental purpose is to serve as a utility for transactions, rather than primarily as a store of value. The XRP Ledger and XRP are engineered to significantly boost the speed of transactions and reduce the costs and inefficiencies typically linked with conventional interbank payment systems.
Company profile
- Sector: Financial Services
- Industry: Asset Management - Cryptocurrency
- Country: US
- Exchange: AMEX
- Website: https://bitxrpetf.com
Latest SEC filings for XRP
Latest XRP news
- — A Holder Who Bought XRP at the January 2018 Top Has Waited Almost Nine Years to Get Even. By One Count, It Still Has Not Happened. (247wallst.com)
- — Hedera Is Up 17% This Month and XRP Is Up 1%. Both Sell Themselves to Banks. Why Is Only One of Them Moving? (247wallst.com)
- — A Stripe Company Is Bringing Its Wallets to the XRP Ledger, and Ripple Says AI Agents Already Make One in Four Payments on the Network. (247wallst.com)
- — XRP Is 3% of the Crypto Market. Ripple Has Spent Years Signing Bank Deals to Change That Number. Here Is What Moved It Instead. (247wallst.com)
- — What Will XRP Be Worth in 2028? Exploring Three Scenarios Starting at $1.41 (247wallst.com)
- — Stellar Now Hosts More Tokenized Assets Than the XRP Ledger. Why Is XRP Still Worth Nearly 13 Times More? (247wallst.com)
- — Claude AI’s XRP Price Prediction: Will It Drop to $1.17 or Rise to $1.70 First? (247wallst.com)
- — AI Uncovers XRP Ledger Bug: Is It a Threat or a Defense? (247wallst.com)
- — Stellar vs XRP: Is XLM Just XRP With More Leverage? (247wallst.com)
- — A Decade-Old Bug That Could Have Minted Unlimited XRP: Is the 100 Billion Cap Safe Now? (247wallst.com)
Educational tool only — not investment advice.