Bitwise's XRP ETF Hits $500 Million Mark Nine Months After Launch

Bitwise's spot XRP exchange-traded fund (ETF) has reached $500 million in assets under management, just nine months after its launch. According to data from SoSoValue, this milestone underscores growing institutional appetite for XRP.

The Bitwise XRP ETF began trading in late 2024 and has steadily attracted capital amid a shifting regulatory landscape. The fund's growth reflects a broader trend of traditional financial institutions embracing digital assets through regulated vehicles.

XRP's price remains volatile, trading at $1.38 with a 2.72% drop on the day, according to CoinMarketCap. However, the fund's steady accumulation of assets suggests sustained demand for regulated exposure to this cryptocurrency.