Bitwise XRP Spot ETF Becomes Largest in US After $10M Weekly Inflows

Published: 2026-03-04 19:56:04 |

Bitwise’s spot XRP ETF (XRP) has become the largest spot XRP exchange-traded fund in the United States after receiving $10 million in weekly inflows, Bitwise CEO Hunter Horsley confirmed on X. The U.S. spot XRP ETF market totals $1 billion in net assets, with cumulative net inflows of $1.25 billion since launch. According to SoSoValu data, Bitwise leads with $269.05 million in assets under management, narrowly ahead of Canary’s XRPC at $262.17 million and Franklin Templeton’s XRPZ at $230.20 million. 21Shares and Grayscale hold $166.96 million and $72.49 million respectively. The sector saw $7.53 million in total net inflows and about $39 million traded on March 3. Bitwise filed for an XRP ETF in October 2024 and this milestone underscores ongoing investor accumulation into XRP-focused ETFs.

Bullish

This development is bullish for XRP-related markets because a spot ETF reaching the top position signals growing institutional and retail allocation to XRP exposure through regulated products. The $10M weekly inflow and $1B total AUM for the sector demonstrate tangible demand; tight competition among issuers and steady daily inflows imply continued capital rotation into XRP ETFs. Historically, approvals and inflows into spot crypto ETFs (e.g., Bitcoin and Ethereum spot ETFs) coincided with positive price momentum and increased liquidity for the underlying assets. Short-term, expect increased trading volume and possible positive price reactions for XRP as ETF flows bid the market. Volatility may rise around rebalancing, large inflows, or issuer-specific news. Long-term, sustained ETF adoption can deepen liquidity, reduce trading spreads, and attract more institutional investors, supporting a higher baseline valuation for XRP exposure. Risks remain: regulatory shifts, legal developments around Ripple, or outflows from competing macro events could reverse gains. Traders should monitor fund flows, AUM changes, order book liquidity, and related ETF issuers’ moves for short-term trade signals and adjust position sizing for potential volatility.