Bitwise XRP ETF Surpasses Half Billion in Assets Amid Record Inflows

The Bitwise XRP ETF has reached $507 million in assets under management, nine months after its launch on the NYSE. This milestone comes as the fund leads the XRP ETF market with over $600 million in cumulative net inflows, surpassing Canary's XRPC and Franklin Templeton's XRPZ.

The total cumulative net inflows across all XRP ETFs have reached a record $1.66 billion, with Bitwise accounting for more than half of that amount. The fund's growth accelerated significantly in August, rising from $299.1 million to $507.23 million by month-end.

The XRP ETF market has seen substantial investor creations, with the fund holding approximately 364.8 million XRP and cumulative net inflows exceeding $600 million. This growth coincided with a strong recovery in XRP's price, which rose from $1.04 to $1.38 by August 31st.

The relationship between inflows and XRP's price offers a clearer measure of investor demand. While XRP's price appreciation contributed materially to the increase in assets, cumulative net inflows above $600 million show that the fund also attracted substantial new capital.