Bitwise's XRP ETF Hits $500M Mark Despite Price Drop

Bitwise Asset Management's XRP spot ETF has reached an impressive milestone. In just nine months since its launch on the NYSE in November 2025, the fund has surpassed $500 million in assets under management (AUM). This significant achievement is notable because it occurred despite a substantial decline in XRP's price.

The ETF offers a regulated and convenient way for investors to gain exposure to XRP without directly holding the token. The fact that both retail and institutional buyers are attracted to this product highlights growing mainstream acceptance of crypto ETFs.

This milestone may boost Bitwise's position as a leading provider in this space, and it demonstrates strong investor demand and inflows that offset token value losses.