Spot XRP ETFs Gain Traction as Bitwise Launches US Product

Ripple CEO Brad Garlinghouse has confirmed that the race for spot XRP ETFs has begun, following the launch of the Bitwise XRP ETF on the New York Stock Exchange. Garlinghouse described it as a "turkey trot" for XRP ETFs. Bitwise called the launch a milestone for the XRP community, highlighting the token's utility as a low-cost, fast settlement network for transferring value at scale. The ETF arrives amid renewed interest in crypto-linked investment products and regulatory clarity for XRP.