Bitwise XRP ETF Surpasses $500 Million in AUM Nine Months After Launch

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Bitwise has highlighted the strong performance of its spot XRP ETF, which has surpassed $500 million in AUM just nine months after launching.

In a statement celebrating the milestone, Bitwise credited the XRP community for its continued support and described the achievement as evidence of growing mainstream access to XRP investment products.

Currently, the Bitwise XRP ETF now holds $507.23 million in net assets, making it the largest XRP ETF by assets. The fund has also recorded $603.56 million in cumulative net inflows, highlighting strong investor demand since its launch.

Bitwise’s XRP ETF Journey 

Bitwise’s achievement stands out because the firm entered the spot XRP ETF race while significant regulatory uncertainty surrounded the cryptocurrency.

The asset manager became the first firm to file for a spot XRP ETF in the United States, submitting its application in October 2024. At the time, the legal battle between Ripple and the U.S. SEC remained unresolved.

Shortly after Bitwise filed its application, the regulatory landscape became even more uncertain. The SEC indicated that it intended to challenge the ruling in the Ripple case and subsequently filed an appeal.

Despite these challenges, Bitwise maintained its commitment to the product. Rather than withdrawing its application, the firm continued pursuing regulatory approval and eventually launched the ETF on November 21, 2025.

That decision has since proved significant as demand for regulated XRP investment products continues to grow.

Bitwise Leads the XRP ETF Market by Assets

Bitwise currently leads the XRP ETF market with $507.23 million in net assets, representing 34.98% of the sector’s total $1.45 billion in net assets.

Franklin follows with roughly $370 million, while Canary has accumulated about $341.6 million. Meanwhile, 21Shares holds $153.05 million, and Grayscale has recorded around $83.03 million in net assets.

The Bitwise fund also continued attracting capital as August came to a close. On August 31, the ETF recorded more than $3 million in trading volume before ending the session with a $930,420 net inflow.

Although the daily inflow remains modest compared with the fund’s cumulative figures, it shows that investors continued allocating capital to the product after it crossed the $500 million milestone.

Meanwhile, XRP trades at around $1.39, up 1.30% over the past 24 hours. However, the coin remains 8.17% lower over the past week as the broader cryptocurrency market gives back some of its recent gains.