Bitwise's XRP ETF Hits $500M in Assets Just Nine Months After Launch

Bitwise's XRP ETF has reached $500 million in assets under management just nine months after its launch. The fund, which tracks the price of XRP, has seen significant growth since its debut on the New York Stock Exchange in November.

The ETF logged $25.9 million in trading volume on its first day and attracted cumulative inflows reaching $756 million by December 1. As of June 30, the fund's net assets stood at $299.1 million, but investors added another $269.9 million worth of XRP through share creations over the first half.

Bitwise charges a 0.34% sponsor fee, which was waived entirely on the first $500 million of trust assets until December 19, 2025. The fund's resilience in the face of XRP price depreciation has been notable, with a net decrease from operations attributed to the token's decline from $1.82 on December 31, 2025, to $1.04 on June 30, 2026.

The Bitwise XRP ETF now leads US XRP funds in cumulative net inflows, ahead of Canary's XRPC and Franklin Templeton's XRP fund (XRPZ). The token has seen a recent price surge, climbing from $1.00 to a multi-month high of $1.70 between August 19 and 22.