Grayscale and Bitwise have announced fees for their XRP ETFs, anticipating SEC approval to begin trading on the market.
Bitwise and Grayscale have ignited new competition in the digital finance ecosystem by revealing the management fees for their upcoming XRP ETFs. Bitwise is proposing a 0,34% fee, while Grayscale is setting a 0,35% fee for its funds that include XRP and Dogecoin.
Although the U.S. Securities and Exchange Commission (SEC) has not yet officially approved these investment products, both asset managers have submitted the necessary regulatory forms and are preparing for possible automatic activation if there are no objections in the next 20 days.
This type of fee competition was already seen in 2024 with Bitcoin ETFs, when major managers sought to differentiate themselves by offering attractive terms to attract institutional capital. The strategy of anticipating fees before formal approval not only allows for market positioning but also provides investors with greater clarity on associated costs, fostering a more transparent dynamic in accessing digital assets.
The asset managers offer competitive rates for their XRP funds
Bitwise, which raised $56 million on the first day of its Solana ETF, is looking to replicate that success with XRP. The choice of a low fee reflects a scalability strategy: to attract both retail and institutional investors who prefer direct exposure to cryptocurrencies without the need for their own management.
Grayscale, for its part, has updated its Form S-1 for the second time, which indicates a clear intention to accelerate the validation process and meet the established technical requirements.
Both asset managers are opting for spot ETFs, meaning those backed by direct ownership of the underlying asset, rather than futures contracts. This preference reflects a growing demand for simpler, more transparent products that align with traditional holding practices. According to industry estimates, XRP ETFs could attract up to $5.000 billion in their first month of trading, reflecting investors' latent interest in diversifying beyond Bitcoin and Ethereum.
The SEC is on hold, but the regulatory environment favors approval
The U.S. Securities and Exchange Commission (SEC) is experiencing a period of limited operations due to the partial shutdown of the federal governmentThis situation, caused by budget disagreements in Congress, has forced the agency to operate with minimal staff, slowing its ability to review and approve new financial products.
However, this context has not completely halted the progress of proposals such as XRP ETFs and other altcoins, thanks to a technical framework that allows their automatic entry into force if no regulatory objections are raised within a certain period.
Before the closure, the SEC had implemented A series of regulatory adjustments simplify the listing processes for certain financial products, including exchange-traded funds backed by digital assets. These changes, aimed at reducing the administrative burden and increasing operational efficiency, have been key for asset managers like Grayscale and Bitwise to move forward with their registrations and launch new funds in the market, provided certain conditions are met.
Thus, while the SEC has paused its regular operations, the previously established technical and regulatory environment allows initiatives such as XRP ETFs to proceed. This balance between institutional paralysis and regulatory continuity is, for many, a sign of increasing maturity in the US financial market infrastructure.
