Bitwise XRP ETF Surpasses Half Billion Dollars in Assets

Bitwise Asset Management has announced that its XRP ETF has surpassed $500 million in assets under management (AUM) just nine months after launching. The firm credited the success to the continued support of the XRP community and stated that it's evidence of growing mainstream access to XRP investment products.

In a statement, Bitwise highlighted that the fund now holds $507.23 million in net assets, making it the largest XRP ETF by assets. This milestone comes despite significant regulatory uncertainty surrounding the cryptocurrency when Bitwise first filed for a spot XRP ETF in October 2024.

The asset manager maintained its commitment to the product and eventually launched the ETF on November 21, 2025. The decision proved significant as demand for regulated XRP investment products continues to grow.

Bitwise currently leads the XRP ETF market with $507.23 million in net assets, representing 34.98% of the sector's total $1.45 billion in net assets. Franklin follows with roughly $370 million, while Canary has accumulated about $341.6 million. Meanwhile, 21Shares holds $153.05 million, and Grayscale has recorded around $83.03 million in net assets.