Bitwise's XRP ETF has reached $500 million in assets under management just nine months after its November launch, reflecting sustained investor interest in cryptocurrency exposure through traditional financial products.
The fund held $502.7 million in net assets across 364.75 million XRP as of last Friday and $507.23 million following Monday's close, according to the asset manager.
Strong Inflows Across the Category
Demand for US spot XRP ETFs has remained robust despite price volatility in the underlying asset. US XRP funds have attracted over $1.66 billion in cumulative inflows, with $110.49 million flowing in during the week ending Friday—the strongest weekly total since early December.
Bitwise's fund leads the category with more than $600 million in cumulative net inflows, followed by Canary Capital's XRPC ETF at $483 million and Franklin Templeton's XRPZ at $462.86 million.
Fund Performance and Investor Activity
The Bitwise XRP ETF logged $25.9 million in trading volume on its first day on the New York Stock Exchange on November 20. Investors added roughly 181.5 million XRP worth $269.9 million through share creations during the first half of the year, including 105.3 million XRP worth $137.9 million in the June quarter alone.
Net assets stood at $241.4 million at the end of December and $299.1 million on June 30.
Fee Structure
Bitwise charges a 0.34% sponsor fee, which it waived entirely on the first $500 million of trust assets through December 19, 2025.
