XRP ETF launch sparks ticker chaos

November 20, 2025

In partnership with

 

Reading time: 5 minutes

Bitwise’s XRP ETF is set to launch today, but the ticker is the real drama

Key Points

  • Bitwise will debut its spot XRP ETF today under the ticker “XRP,” prompting mixed reactions over its similarity to the token’s name.

  • The launch arrives as XRP grapples with bearish technicals, a recent breakdown below key support levels, and weakening network activity.

News - Bitwise plans to list its upcoming XRP-focused ETF today, with trading expected to open under the ticker symbol “XRP.” The choice has stirred debate across social platforms, where users raised concerns about confusion between the ETF and the asset itself. 

Some questioned how the ticker cleared regulatory review, while others applauded Bitwise for securing a clean, high-impact symbol.

This will be Bitwise’s second XRP-related product following its GXRP ETP launched in Europe in 2022. The broader market has also seen rising ETF interest. 

Canary Capital’s XRPC fund attracted more than $250 million in first-day inflows, and analysts expect upcoming XRP ETFs from Grayscale and Franklin Templeton to go live later this month.

XRP price under pressure - The ETF anticipation comes during a turbulent stretch for XRP’s market performance. The token fell below $2.15 support, dropped into the $2.04 to $2.05 area, and later recovered slightly above $2.11. 

Volume jumped more than 76% during the breakdown, underscoring intense selling activity and a deepening bearish trend.

Technical signals and on-chain weakness - Analysts warn that XRP’s descending triangle breakdown could drive a correction toward $1.55 if selling pressure persists. 

On-chain activity has also weakened. Daily active addresses have dropped to about 44,000, far below the 577,000 peak recorded in June, while new addresses have slipped from 13,500 to roughly 4,000, pointing to reduced participation and liquidity.

BlackRock enters the staked Ethereum ETF race as competitors gain early ground

Key points:

  • BlackRock has taken its first procedural step toward a staking-enabled Ethereum ETF by registering the iShares Staked Ethereum Trust in Delaware on November 19.

  • The move positions BlackRock against early entrants like REX Osprey and Grayscale, which already offer staking-enabled Ethereum products.

News - BlackRock took an early step toward a staking-enabled Ethereum product by listing its iShares Staked Ethereum Trust in Delaware on November 19. 

The registration is an initial procedural move and not a full application under the Securities Act of 1933, but it indicates that the firm is preparing to broaden its Ethereum strategy once regulators provide clarity on staking inside U.S. ETFs.

VanEck made a similar Delaware registration earlier, while REX Osprey and Grayscale have already launched staking-enabled ETF products. This shift is unfolding against a backdrop of improved regulatory flexibility. 

The SEC’s approval of generic listing standards in September sped up ETF launches and opened the door for more complex product structures.

BlackRock’s position in the ETH ETF landscape - BlackRock’s entry comes roughly 15 months after launching its flagship iShares Ethereum Trust (ETHA). 

ETHA did not include staking due to operational and regulatory risks, although Nasdaq filed a rule change request in July seeking approval for staking features. ETHA has since grown steadily, gathering more than $11.47 billion in net assets and $13.09 billion in cumulative inflows.

Competition intensifies in staking-enabled ETFs - Staking-focused ETFs have already begun gaining traction. 

REX Osprey’s ESK fund, launched in September, distributes staking rewards to investors, while Grayscale incorporated staking into its Ethereum and Solana products in October. These offerings provided the first regulated benchmarks for passing staking yields through ETF structures.

Why staked ETH products matter - Staking can introduce a yield component that transforms an ETF into a total return product, offering income on top of price performance. This appeals to institutions seeking steady yield without managing staking infrastructure directly. 

The average staking return for ETH is about 3.95%, making the segment increasingly attractive as competition escalates.

Young wealthy investors are firing advisors who ignore crypto

Key points:

  • Around one in three affluent U.S. investors aged 18 to 40 have moved money away from advisors who do not offer crypto exposure, shifting serious six figure sums in the process.

  • Crypto has become a core portfolio building block for this cohort, with most allocating 5% to 20% of their assets to digital currencies and planning to increase those stakes over the next year.

News - A new Zerohash survey of 500 U.S. investors aged 18 to 40 shows a clear generational break with traditional wealth management. 

About 35% of respondents said they had moved assets away from advisors who do not provide access to crypto. These are high earning clients, with household incomes between $100,000 and more than $1 million, and most are already on-chain.

Roughly 61% of surveyed investors hold crypto, and 71% allocate between 5% and 20% of their portfolios to digital assets. 

Engagement is still rising. About 84% plan to increase their crypto holdings in the next 12 months, with nearly half expecting to boost allocations significantly. Yet 76% of these investors are managing crypto independently rather than through their advisors, highlighting a widening service gap.

How big is the asset shift? - The outflows are meaningful, not symbolic. More than half of those who left an advisor over crypto access moved between $250,000 and $1 million. Among higher income respondents with $500,000 or more in earnings, roughly half reported switching advisors. 

Zerohash notes that advisors are not only losing accounts, they are risking some of their largest revenue relationships.

What young clients expect from “crypto fluent” advisors - Investors are asking for more than simple Bitcoin and Ethereum exposure. 

One in five already tilt toward altcoins such as Solana, XRP, USD Coin, and Dogecoin, and 92% say access to a wider range of digital assets is important. At the same time, trust requirements mirror traditional finance. 

Respondents flagged regulated custody, independent audits, and transparent reporting as critical safeguards, and 63% said they would be more likely to invest through an advisor if crypto sat on the same dashboard as their stocks and bonds.

More than four fifths of surveyed investors say that moves by firms like BlackRock, Fidelity, Morgan Stanley, and Robinhood have boosted their confidence in crypto’s long-term relevance. 

Separate findings from the survey show that young investors now view digital assets as sitting alongside equities, real estate, and bonds within a modern portfolio.

ARK buys the dip as Nvidia’s blowout quarter lifts crypto stocks

Key points:

  • ARK Invest added $39.6 million worth of Bullish, Circle, and BitMine shares during Wednesday’s crypto market slide.

  • Nvidia’s record $57 billion quarter helped lift tech and crypto stocks after-hours, easing fears of an AI-driven market pullback.

News - Cathie Wood’s ARK Invest used Wednesday’s broad crypto equities selloff as a buying opportunity, adding nearly $40 million across three major holdings. 

The firm purchased 463,598 shares of Bullish worth $16.9 million, along with $15.1 million in Circle Internet Group stock and $7.6 million in BitMine Immersion Technologies. Both Circle and BitMine dropped close to 9%, while Bullish fell 3.63% as the wider market retreated alongside Bitcoin.

The buying spanned ARK’s major ETFs, including ARKF, ARKW, and ARKK, continuing a weeklong crypto stock accumulation pattern as prices fell to new local lows. Earlier in the week, ARK added more than $10 million in BitMine shares after the stock hit a record low.

Market slide meets Nvidia-induced rebound - Crypto and tech stocks were hit earlier in the day as Bitcoin briefly dipped below $89,000, its lowest level since late April. Circle, Strategy, BitMine, and several miners posted steep losses, with drops ranging between 4% and 10% across the sector.

Sentiment shifted quickly after Nvidia reported a record $57.01 billion in quarterly revenue and $31.9 billion in profit, beating analyst expectations and issuing strong forward guidance. 

Nvidia shares jumped more than 5% after-hours, lifting crypto-linked names including Coinbase, Strategy, Bullish, and Circle. Bitcoin also climbed back above $90,000 once the results were released.

Why it matters - Nvidia’s earnings once again underscored its central role in AI infrastructure demand, calming market nerves and helping stabilize risk assets. 

ARK’s aggressive buying during the selloff signals continued conviction in crypto equities, even as volatility deepens across both digital assets and AI-linked tech stocks.

Stay ahead of the Market

Markets don’t wait — and neither should you.

Elite Trade Club gives you a daily edge with clear, no-fluff market insights delivered before Wall Street opens.

Spend less than 5 minutes and get smarter about what’s moving, why it matters, and how other traders are reacting — all in one quick morning email.

Join 200K+ traders already reading before the bell and never start your trading day blind again.

Interesting facts

  • A 2025 survey says 55 million Americans own crypto - A survey commissioned by the National Crypto Association and conducted by Harris Poll this year found that about 21% of US adults, roughly 55 million people, hold cryptocurrency, with 76% of these holders saying crypto has had a positive impact on their lives and many already using it for everyday purchases.

  • China’s first regulated offshore yuan stablecoin - In September 2025, AxCNH, described as the world’s first regulated offshore yuan-linked stablecoin, was launched in Kazakhstan by Hong Kong fintech AnchorX using Conflux’s blockchain, in a move tied to Beijing’s plan to use blockchain for cross-border trade and expand offshore yuan use.

  • Ferrari’s Le Mans winner to be sold via crypto tokens - Ferrari announced a plan in late 2025 to auction its Le Mans-winning 499P Hypercar through a token-based sale limited to its Hyperclub collectors, using a restricted number of crypto tokens that both enable and authenticate bids and grant access to exclusive racing experiences, with digital asset firm Conio applying AI to verify bids and trace ownership.

Fact-based news without bias awaits. Make 1440 your choice today.

Overwhelmed by biased news? Cut through the clutter and get straight facts with your daily 1440 digest. From politics to sports, join millions who start their day informed.

Top 3 coins of the day

Cosmos (ATOM)

Key points:

  • ATOM climbed to $3.06 after a strong daily gain, marking one of its sharpest rebounds this month.

  • The Squeeze Momentum Indicator printed three consecutive green bars, with the latest showing a slight increase in positive traction.

What you should know:

ATOM delivered a notable recovery move as the price pushed away from the recent $2.70 region and closed well above the 20-day SMA. While it remained below the 50-day SMA, the shift above the shorter moving average suggested that buyers regained some short-term control. Volume also picked up compared to last week, giving the rebound more credibility than a low-liquidity bounce. On the Squeeze Momentum Indicator, the last three bars turned green after a long series of red prints, with the newest bar rising slightly higher, signaling early but improving bullish momentum. This aligns with the broader market’s tendency to see sharp counter moves when overall sentiment is in fear territory. Among catalysts, ATOM’s staking expansion through the Everstake and Paribu Custody partnership continued to attract attention, helping reinforce interest during the upswing. For now, traders will watch whether ATOM can challenge the 50-day SMA near the $3.20 zone while keeping support around $2.80 intact.

Aptos (APT)

Key points:

  • APT was last seen around $3.00 after gaining nearly 4% in the past day, marking a modest recovery from its recent slide.

  • The price hovered near the mid-Bollinger Band while the CMF stayed slightly positive, hinting at mild accumulation despite subdued volumes.

What you should know:

APT’s latest move reflected a steady rebound, with the price lifting from intraday lows and closing near $3.00. Trading activity stayed relatively light, but green volume bars appeared more frequently over the past few sessions, suggesting that buyers stepped in selectively. The Bollinger Bands narrowed through the week, pointing to reduced volatility, while the price briefly pushed toward the middle band. This signaled a possible shift away from the prior downtrend, even though the overall structure remained soft. Aptos’ addition to Binance Soft Staking likely contributed to this mild upside, giving holders new yield incentives that may have supported short-term demand. The CMF held just above zero, indicating that inflows outweighed outflows, though not by much. Traders may want to track whether APT can remain above the mid-band area, as holding this level would strengthen the near-term outlook, while slipping below it could invite another retest of recent lows.

Solana (SOL)

Key points:

  • SOL traded at $141 at press time after adding 3.38% over the previous day, recovering modestly from recent weakness.

  • The Parabolic SAR continued to sit above the latest candles while the MACD histogram hovered just under the zero mark with faint, forming bars.

What you should know:

Solana’s price picked up slightly in the last session as it bounced away from its recent lows, though its broader structure remained fragile. The latest candles stayed capped by the Parabolic SAR, which kept signaling ongoing downside pressure. Meanwhile, the MACD histogram still sat just below the zero line, with the last few bars appearing faint and partially formed, suggesting momentum had not clearly shifted yet. Volume, however, showed a mild boost compared to the previous day, hinting that buyers were attempting to re-enter after a prolonged drawdown. Recent inflows into Solana-based ETFs helped improve sentiment despite continued caution across broader crypto. That backdrop may support a slow recovery attempt, but traders will want to see stronger follow-through on both price and volume. For now, resistance sits near the recent cluster around $143–$145, while any slip back toward $136 could expose SOL to another retest of the lower range.

Used by Execs at Google and OpenAI

Join 400,000+ professionals who rely on The AI Report to work smarter with AI.

Delivered daily, it breaks down tools, prompts, and real use cases—so you can implement AI without wasting time.

If they’re reading it, why aren’t you?

How was today's newsletter?

Login or Subscribe to participate in polls.