Bitwise XRP ETF Surpasses $500M as Institutional Demand Grows

Bitwise’s XRP ETF surpassed $500 million in net assets within nine months of launching on the New York Stock Exchange on November 20, 2025. Net assets reached $502.7 million on Friday and rose to $507.23 million after Monday’s close, representing exposure to about 365 million XRP. The fund recorded $25.9 million in first-day trading volume. Its net assets increased from $241.4 million at the end of December to $299.1 million on June 30. Share creations added about 181.5 million XRP during the first half of 2026. The fund charges a 0.34% sponsor fee, while the first $500 million of assets was subject to a fee waiver through December 19, 2025. The XRP ETF expanded despite XRP falling from $1.82 to $1.04 in the first half of 2026. XRP later rebounded to $1.70 before retreating to about $1.38. US XRP ETFs attracted $110.49 million in weekly inflows, lifting cumulative net inflows to a record $1.66 billion. Bitwise leads the category with more than $600 million in cumulative inflows, ahead of Canary Capital’s XRPC and Franklin Templeton’s XRPZ. For XRP traders, the ETF’s asset growth points to sustained institutional demand and broader brokerage access. However, ETF inflows have not removed XRP’s exposure to sharp price swings, so volatility and changing fund flows remain key risks.