Bitwise XRP ETF Surpasses $500 Million in Assets Under Management
Bitwise's XRP spot exchange-traded fund (ETF) has reached an impressive milestone, surpassing $500 million in assets under management just nine months after its launch. According to a recent report by blockchain media outlet The Crypto Basic, the fund's net assets stood at $507.23 million as of September 1, making it the largest among XRP spot ETFs. Bitwise attributes this success to continued support from the XRP community and expanding investor access to XRP investment products.
Cumulative net inflows into the fund total $635.56 million, showing steady growth since launch. This achievement is notable given that Bitwise entered the XRP spot ETF market during a period of high regulatory uncertainty. Despite this challenging environment, Bitwise persisted and launched its ETF on November 21, 2025.
Bitwise currently maintains a significant lead in market share, with net assets accounting for 34.98 percent of total net assets in the XRP spot ETF market. Other notable players in the market include Franklin, Canary, 21Shares, and Grayscale, but they lag behind Bitwise's impressive figure.