Key Takeaways
- • Bitwise XRP ETF has captured $289 million in assets under management, establishing market leadership among five U.S. spot XRP ETFs with combined holdings of $1.08 billion and cumulative net inflows of $1.25–1.26 billion since launch.
- • The ETF experienced $10 million in weekly inflows recently, demonstrating sustained institutional demand despite broader crypto market volatility, with near-daily net additions of $4–7 million observed since late February.
- • Five U.S. spot XRP ETFs rank as follows: Bitwise XRP ($289M), Canary Capital XRPC (~$262–286M), Franklin Templeton XRPZ (~$230–247M), 21Shares (~$167–179M), and Grayscale XRPG (~$72–78M).
- • Launched on NYSE in November 2025, the Bitwise XRP ETF charges a 0.34% management fee with a full fee waiver for the first $500 million AUM during the initial month, providing regulated institutional access to spot XRP without on-chain custody requirements.
- • XRP's $125 billion+ market capitalization and positioning in the $250 trillion global payments market have driven institutional adoption, with the ETF's growth trajectory mirroring earlier Bitcoin and Ethereum spot ETF adoption patterns.
Summary
Bitwise Investments' XRP spot ETF has surged to the top position among U.S. XRP exchange-traded funds, commanding approximately $289 million in assets under management and solidifying its market leadership in a rapidly expanding segment. According to SoSoValue data, the five U.S. spot XRP ETFs now collectively hold $1.08 billion, with cumulative net inflows reaching $1.25–1.26 billion since their respective launches. Bitwise's dominance reflects strong recent momentum, with the fund receiving $10 million in weekly inflows as confirmed by Bitwise CEO Hunter Horsley, sufficient to overtake Canary Capital's XRPC ETF, which holds approximately $262–286 million.
The Bitwise XRP ETF, which launched on NYSE in November 2025, has captured sustained institutional demand despite broader cryptocurrency market volatility. The fund offers direct spot XRP exposure through traditional brokerage accounts, eliminating custody and self-management complexity that typically deters institutional allocators. The ETF structure includes a 0.34% management fee with a complete fee waiver for the first $500 million AUM during its initial operational month—a competitive incentive reflecting the issuer's confidence in attracting institutional capital. Since late February, the ETF has experienced near-daily net inflows of $4–7 million, underscoring consistent institutional appetite even amid macroeconomic uncertainty stemming from geopolitical tensions affecting broader crypto markets.
XRP's positioning as the third-largest cryptocurrency by market capitalization ($125 billion+) and its focus on cross-border payments and settlement applications have resonated with institutional investors seeking regulatory clarity and practical utility. Bitwise positions the product as a compliant gateway to XRP's exposure to the $250 trillion global payments market, appealing to institutions pursuing regulated access without operational blockchain complexity. The ETF's growth trajectory mirrors the adoption patterns observed with earlier Bitcoin and Ethereum spot ETF launches, signaling institutional confidence in XRP's long-term utility for Ripple's enterprise partnerships and settlement infrastructure. The competitive XRP ETF landscape—featuring offerings from Franklin Templeton, 21Shares, and Grayscale—reflects broadening institutional interest in diversified cryptocurrency exposure beyond Bitcoin and Ethereum.
The Bitwise XRP ETF, which launched on NYSE in November 2025, has captured sustained institutional demand despite broader cryptocurrency market volatility. The fund offers direct spot XRP exposure through traditional brokerage accounts, eliminating custody and self-management complexity that typically deters institutional allocators. The ETF structure includes a 0.34% management fee with a complete fee waiver for the first $500 million AUM during its initial operational month—a competitive incentive reflecting the issuer's confidence in attracting institutional capital. Since late February, the ETF has experienced near-daily net inflows of $4–7 million, underscoring consistent institutional appetite even amid macroeconomic uncertainty stemming from geopolitical tensions affecting broader crypto markets.
XRP's positioning as the third-largest cryptocurrency by market capitalization ($125 billion+) and its focus on cross-border payments and settlement applications have resonated with institutional investors seeking regulatory clarity and practical utility. Bitwise positions the product as a compliant gateway to XRP's exposure to the $250 trillion global payments market, appealing to institutions pursuing regulated access without operational blockchain complexity. The ETF's growth trajectory mirrors the adoption patterns observed with earlier Bitcoin and Ethereum spot ETF launches, signaling institutional confidence in XRP's long-term utility for Ripple's enterprise partnerships and settlement infrastructure. The competitive XRP ETF landscape—featuring offerings from Franklin Templeton, 21Shares, and Grayscale—reflects broadening institutional interest in diversified cryptocurrency exposure beyond Bitcoin and Ethereum.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.