Bitwise’s Spot XRP ETF Surpasses $500 Million in AUM Nine Months After Launch
Bitwise’s spot XRP exchange-traded fund has crossed $500 million in assets under management, hitting the mark just nine months after it began trading. The fund, which listed on the NYSE on November 20, 2025, announced the milestone on August 31, with Bitwise holding roughly 364.8 million XRP through the product as of the crossing.
What makes the pace notable is the backdrop it happened against. XRP’s price is down sharply from its 2026 levels — off roughly 66% by some measures — yet the ETF kept pulling in fresh capital regardless. Net inflows into the fund have continued even as the underlying token slid, which is the clearest sign that at least part of the demand here is coming from investors who want regulated, brokerage-account exposure to XRP rather than investors chasing a rising price. A falling asset price working against, rather than for, AUM growth makes crossing half a billion dollars a more meaningful threshold than it might look at first glance.
Bitwise marked the moment with a post on its official X account: “14 years in, and the $XRP community continues to be unstoppable,” the firm wrote, adding that it was “grateful for the opportunity to expand mainstream access to XRP” and to give investors exposure to the space. The fund has since been reported holding just over $500 million in net assets with cumulative net inflows exceeding $600 million since launch, and it currently sits as the largest XRP ETF on the market, ahead of competing products from Franklin Templeton and Canary Capital.
The nine-month run to $500 million puts Bitwise’s XRP fund among the faster-growing altcoin ETFs to reach that threshold, and it arrives at a moment when spot ETFs tied to assets beyond Bitcoin and Ethereum are still a relatively new and closely watched category for US regulators and asset managers alike. Whether other issuers can replicate that inflow pattern with their own XRP products, or with ETFs tied to other major tokens, is likely to be one of the more closely tracked threads in the ETF market over the months ahead.
Cryptocurrency and crypto-linked ETF investments are volatile and carry risk of loss; this article is for informational purposes only and not investment advice. Always do independent research before investing in any fund. To learn the basics of how spot crypto ETFs work, visit coin680’s Bitcoin Academy.