Bitwise XRP ETF Hits $500M in Assets Just Nine Months After Launch

Bitwise Asset Management has announced that its XRP exchange-traded fund (ETF) has surpassed $500 million in assets under management just nine months after launching on November 20, 2025. The fund allows brokerage-account investors to gain exposure to XRP indirectly without the custody and access hurdles of buying the crypto token outright.

The fund's net asset value as of August 27 was approximately $502.7 million, with nearly 364.8 million XRP valued at about $502.9 million. The product had 32.65 million shares outstanding, each with a net asset value of $15.40 per share.

The fund's growth has been substantial, increasing its holdings by nearly 78 million XRP since the end of the second quarter, when it held approximately 286.8 million XRP and reported $299.1 million in net assets. The Securities and Exchange Commission filing showed that share creations exceeded redemptions during the first half.

The fund's trading picked up sharply in the sessions before crossing the new threshold, with over $200 million in combined trading volume across three consecutive sessions ending August 24, setting each session as a new record.