Bitwise XRP ETF Surpasses $500M AUM in Nine Months

The Bitwise XRP ETF has achieved a significant milestone, surpassing $500 million in assets under management just nine months after its launch. This news was announced by Hunter Horsley, CEO of Bitwise, on social media.

The ETF began trading on the NYSE with a waived management fee for the first month and is now the largest XRP ETF globally.

This achievement is part of a broader trend of increasing institutional interest in XRP. The overall spot XRP ETF market in the U.S. has seen inflows surpassing $1.5 billion.