Bitwise XRP ETF Posts $(176.6M) Net Loss in Q2 2026
The Bitwise XRP ETF reported its second-quarter results for 2026, showing a significant net loss of $(176.6M) due to realized and unrealized losses on XRP.
For the six months ended June 30, 2026, the Trust's net assets decreased by this amount, largely driven by these losses.
The Trust's financial highlights show that it had a net investment loss of $(0.5M) for the period and did not disclose diluted EPS or present revenue metrics as applicable.
Business highlights include the launch and listing of the Trust on NYSE Arca under the ticker XRP, providing brokerage access to XRP, with shares growing in value to $299.1M by June 30, 2026, supported by creation inflows of roughly 181.5M XRP since inception.
The Sponsor accrues a fee at 0.34% p.a., and generally bears ordinary operating expenses and most legal fees, while the Trust keeps minimal cash and sells XRP only as needed to satisfy sponsor or other unassumed expenses.