Bitwise XRP ETF Smashes Half Billion Dollar Mark in Just Nine Months
Bitwise's XRP ETF (XRP) has reached an impressive milestone just nine months after its launch, crossing $500 million in assets under management. This significant achievement comes despite the price volatility of XRP, which has seen fluctuations between $1.82 and $1.04 over the same period.
The fund's page showed $502.7 million in net assets across 364.75 million XRP last Friday and $507.23 million after Monday's close. Bitwise charged a 0.34% sponsor fee, but waived it entirely on the first $500 million of trust assets through December 19, 2025.
In its announcement on X, Bitwise expressed gratitude for the opportunity to expand mainstream access to XRP and steward investors' exposure to the opportunities in this asset class. The firm acknowledged the 'unstoppable' community surrounding XRP, which has continued to grow despite its price fluctuations.