XRP's price dropped 7% to $2.21 in the past 24 hours, accompanied by a 28% decrease in trading volume to $7.47 billion. This decline follows announcements from Bitwise and Grayscale regarding management fees for their upcoming XRP and Dogecoin ETFs. Bitwise has set a fee of 0.34%, while Grayscale plans a 0.35% fee for both ETFs. Despite lacking SEC approval, both firms are moving forward with their ETF launches under new regulations that allow filings to automatically take effect after 20 days if all requirements are met. Grayscale has submitted amended S-1 registration statements for its XRP and DOGE ETFs. Meanwhile, Bitwise's SOL ETF attracted $56 million in inflows on its first day. Analysts believe successful launches of the XRP and DOGE ETFs could lead to significant inflows.