Key Takeaways
- • Bitwise's XRP ETF surpassed $500 million in assets under management on August 31, 2026, just nine months after its November 2025 launch, representing rapid institutional adoption of a spot crypto ETF product.
- • The fund holds approximately 364.8 million XRP tokens with net assets of $502.7 million as of August 27, 2026, providing brokerage-accessible exposure without direct custody requirements.
- • The ETF launched on NYSE Arca (ticker: XRP) with a 0.34% management fee and a temporary fee waiver on the first $500 million in assets for the initial month, reducing friction for early adopters.
- • Day 1 trading volume reached $25.7 million, with the fund accumulating $107.6 million in AUM within weeks and generating approximately $135 million in subsequent inflows, demonstrating strong institutional and retail demand.
- • Recent weekly inflows of nearly $110 million brought total AUM to approximately $507 million, though XRP price retreated to $1.37 following a prior 37% rally period, indicating asset growth independent of token price appreciation.
Summary
Bitwise Asset Management announced on August 31, 2026, that its XRP exchange-traded fund has crossed the $500 million asset under management threshold, achieving this milestone nine months after its institutional launch in November 2025. The achievement underscores accelerating mainstream adoption of cryptocurrency exposure through regulated, custodian-free vehicles accessible via traditional brokerage accounts.
The fund, trading under the ticker XRP on NYSE Arca, holds approximately 364.8 million XRP tokens valued at approximately $502.9 million as of August 27, 2026. The product's structure addresses a key institutional barrier: investors gain exposure to the XRP token without managing private keys or navigating custody complexities. As of late August, the fund reported $502.7 million in net assets, 32.65 million shares outstanding, and a net asset value of $15.40 per share.
The fund's growth trajectory has been exceptional relative to comparable crypto ETF launches. It generated $25.7 million in Day 1 trading volume upon its November 20, 2025 debut, accumulated $107.6 million in AUM within weeks of inception, and subsequently added approximately $135 million in inflows during its early months. More recently, nearly $110 million in weekly inflows pushed total AUM to approximately $507 million, demonstrating sustained institutional interest independent of token price movements.
Bitwise structured the product competitively to drive adoption. The fund launched with a 0.34% management fee, accompanied by a temporary fee waiver covering the first month for assets up to $500 million. This promotional structure aligns with industry practice for new ETF launches competing for flows. At the time of the $500 million announcement, XRP traded near $1.37, having retreated approximately 7% following a 37% rally earlier in the period, indicating that AUM growth reflects sustained institutional inflows rather than price-driven asset appreciation alone.
The XRP ETF joins Bitwise's broader cryptocurrency ETF suite. The firm previously achieved a $500 million AUM milestone with its Solana Staking ETF (BSOL) in November 2025, suggesting successful scaling of institutional crypto products. The XRP ETF's rapid growth validates demand for regulated, accessible cryptocurrency exposure among both institutional and retail investors utilizing traditional brokerage infrastructure.
The fund, trading under the ticker XRP on NYSE Arca, holds approximately 364.8 million XRP tokens valued at approximately $502.9 million as of August 27, 2026. The product's structure addresses a key institutional barrier: investors gain exposure to the XRP token without managing private keys or navigating custody complexities. As of late August, the fund reported $502.7 million in net assets, 32.65 million shares outstanding, and a net asset value of $15.40 per share.
The fund's growth trajectory has been exceptional relative to comparable crypto ETF launches. It generated $25.7 million in Day 1 trading volume upon its November 20, 2025 debut, accumulated $107.6 million in AUM within weeks of inception, and subsequently added approximately $135 million in inflows during its early months. More recently, nearly $110 million in weekly inflows pushed total AUM to approximately $507 million, demonstrating sustained institutional interest independent of token price movements.
Bitwise structured the product competitively to drive adoption. The fund launched with a 0.34% management fee, accompanied by a temporary fee waiver covering the first month for assets up to $500 million. This promotional structure aligns with industry practice for new ETF launches competing for flows. At the time of the $500 million announcement, XRP traded near $1.37, having retreated approximately 7% following a 37% rally earlier in the period, indicating that AUM growth reflects sustained institutional inflows rather than price-driven asset appreciation alone.
The XRP ETF joins Bitwise's broader cryptocurrency ETF suite. The firm previously achieved a $500 million AUM milestone with its Solana Staking ETF (BSOL) in November 2025, suggesting successful scaling of institutional crypto products. The XRP ETF's rapid growth validates demand for regulated, accessible cryptocurrency exposure among both institutional and retail investors utilizing traditional brokerage infrastructure.
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