XRP ETFs Near Launch as Bitwise and Grayscale Reveal Fees

Two of the largest digital asset managers, Bitwise and Grayscale, have revealed management fees for their upcoming XRP exchange-traded funds, signaling that the first spot XRP ETFs could launch within weeks - even without formal approval from the U.S. Securities and Exchange Commission (SEC).

According to new filings, Bitwise plans to charge a 0.34% annual fee for its Bitwise XRP ETF, while Grayscale has set its fee slightly higher at 0.35%, matching the rate disclosed for its proposed Dogecoin ETF.

The disclosures come shortly after both firms launched Solana-tracking ETFs, which drew millions in inflows on debut. Bitwise’s SOL ETF, for instance, recorded $56 million in first-day volume – the strongest ETF launch of 2025 so far. Meanwhile, other issuers such as Canary Capital have rolled out products tied to Litecoin and HBAR, reflecting a broader race to expand crypto ETF offerings.

Industry observers expect XRP funds to begin trading within the next two weeks. “The launch of spot XRP ETFs marks the end of an era of anti-crypto regulation,” said Nate Geraci, president of NovaDius Wealth Management, in a post on X.

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What’s unusual about these upcoming launches is the route being taken. Sources say Grayscale is following the same “fast-track” playbook it used for its Solana ETF, allowing funds to list automatically once they meet listing standards, even if the SEC has not issued explicit approval.

The timing coincides with the ongoing U.S. government shutdown, which has left the SEC operating with reduced staff and limited capacity. In its latest guidance, the agency confirmed that ETF issuers can file S-1 registration statements without a delaying amendment — meaning that filings can go effective automatically after 20 days if no changes are made.

If those conditions are met, both Bitwise and Grayscale could list their XRP funds by mid-November, marking another milestone for crypto ETFs amid shifting U.S. regulatory dynamics.