Bitwise XRP ETF Debuts as Community Questions Ticker Choice

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Bitwise Asset Management has confirmed that its new spot exchange-traded fund (ETF) tracking XRP is set to launch on Thursday, under the ticker “XRP.”

The new fund will go live on the New York Stock Exchange, the asset manager announced, which X users were quick to applaud, and also pointed out the possible confusion it could cause with the token. 

Typically, crypto ETFs feature a version of the asset manager’s name and the underlying crypto asset in the ticker, such as Fidelity’s FBTC and ARK Invest’s ARKB, which track Bitcoin, or…



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Bitwise XRP ETF Debuts as Community Questions Ticker Choice


Bitwise Asset Management has confirmed that its new spot exchange-traded fund (ETF) tracking XRP is set to launch on Thursday, under the ticker “XRP.”

The new fund will go live on the New York Stock Exchange, the asset manager announced, which X users were quick to applaud, and also pointed out the possible confusion it could cause with the token. 

Typically, crypto ETFs feature a version of the asset manager’s name and the underlying crypto asset in the ticker, such as Fidelity’s FBTC and ARK Invest’s ARKB, which track Bitcoin, or…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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