Revealed on August 9, 2024, it has a stipulation in which matches have a five-minute time limit and stream exclusively on WWE's online program Speed.

On April 3, 2024, the American professional wrestling promotion WWE launched Speed, a weekly video series that streams exclusively on the social media platform X.

[1][2] On May 1, 2024, WWE Chief Content Officer Paul "Triple H" Levesque confirmed that the program would also eventually feature women's matches.

[3] This led to an official announcement on August 9, 2024, where it was revealed that a tournament for the inaugural WWE Women's Speed Championship would begin on September 4, 2024.

[4] In the tournament final that occurred during the Speed tapings on October 4, 2024, SmackDown's Candice LeRae defeated Raw's Iyo Sky to become the inaugural champion.