Bitwise's XRP ETF Surpasses Half Billion 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 on November 20. The fund, which is Bitwise's 49th investment product, started with a trading volume of $25.9 million on its first day and had cumulative inflows reaching $756 million by December 1.

The trust's net assets stood at $241.4 million at the end of December and $299.1 million on June 30, according to the trust's 10-Q for the second quarter. Investors added approximately 181.5 million XRP worth $269.9 million through share creations over the first half, including 105.3 million XRP worth $137.9 million in the June quarter alone.

Despite a net decrease of $176.6 million from operations due to XRP price depreciation, the token climbed to a multi-month high of $1.70 between August 19 and 22. The fund charges a 0.34% sponsor fee, which was waived entirely on the first $500 million of trust assets through December 19, 2025.