Original Title: XRP Price Slides 8% Despite Bitwise XRP ETF Launch

Overview

The XRP price declined by 8% within the last 24 hours, trading around $1.93 as of 3:50 a.m. EST, while trading volume jumped about 34% to $8.17 billion. This drop occurred despite the Bitwise XRP ETF launch on the New York Stock Exchange, which reportedly saw around $22 million in trading volume, signaling growing regulated access to XRP for investors.

ETF Launch and Market Reaction

Bitwise launched a spot XRP ETF on the NYSE, a development described as a milestone for investors seeking regulated exposure to XRP. The ETF aims to provide direct XRP exposure without holding the token directly, potentially enabling more traditional institutional participation. The launch was accompanied by social-media buzz and industry commentary, but did not prevent the broader XRP price decline caused by selling pressure in the market.

JUST IN: Bitwise's spot $XRP ETF launched on NYSE, possibly igniting long-term demand and attracting institutional interest. pic.twitter.com/XuNL885v1b

Broader ETF Activity

On the DTCC platform, multiple XRP ETFs from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares were reported as officially listed, with trading begins anticipated. This wave of listings signals growing appetite for XRP-linked investment products among market participants.

BOOM: XRP ETFs from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares just went live on the DTCC platform. Yes — they’re officially listed. The countdown to trading has begun.

Market Dynamics

Despite the ETF introductions, XRP has been under selling pressure from large holders and wary retail participants. Long-term holders who previously rode previous rallies are reportedly shifting into cash as overall market activity increases. The net effect has been a continued slide in XRP prices despite the new regulated access points.

Author’s note: The emergence of XRP ETFs represents a significant regulatory milestone that could influence institutional demand over time, even if immediate price reactions remain muted amid current selling dynamics.

Author’s resume

XRP prices continued to fall despite a wave of new XRP ETF listings, highlighting a disconnect between regulatory access gains and near-term price moves in a cautious market.

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InsideBitcoins InsideBitcoins — 2025-11-21

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