Crypto
Bitwise XRP ETF Slumps 43% as XRP Price Drops
The Bitwise XRP ETF (XRP) reported a disappointing -43% return in the first half of 2026, according to its quarterly report filed with the SEC. The downturn mirrors the decline in XRP's price over the same period.
As per the report, the Trust had 26,560,000 outstanding shares as of August 9, 2026. The Trust is classified as an emerging growth company and has opted to comply with reduced reporting requirements under the JOBS Act.
The report warns that actual outcomes may vary materially from forward-looking statements made in the document, citing various risks and uncertainties associated with the digital asset market and the Trust's operations.