The Bitwise XRP ETF has surpassed $500 million in assets under management (AUM) just nine months after its launch, signaling sustained investor interest in XRP-focused investment products. The fund’s net assets were reported at $502.7 million on the preceding Friday and $507.23 million after Monday’s market close.
This milestone underscores a broader trend of robust demand for XRP ETFs. In the past week, US XRP funds collectively attracted $110.49 million in inflows, contributing to a record $1.66 billion in cumulative net inflows by Friday. The Bitwise fund is a significant driver of this trend, boasting over $600 million in cumulative net inflows.
The XRP ETF market is increasingly competitive. Canary Capital’s XRP ETF (XRPC) has accumulated $483 million in cumulative net inflows, while Franklin Templeton’s XRPZ holds $462.86 million.
Despite strong fund inflows, the underlying asset, XRP, has experienced price depreciation. Over a six-month period, the trust recorded a net decrease from operations of $176.6 million, primarily attributed to XRP’s price decline from $1.82 on December 31, 2025, to $1.04 on June 30, 2026. The XRP token itself saw price swings, trading around $1.00 on August 19 before rising to $1.70 by August 22, closing at $1.40 on Friday and $1.38 on Monday.
Bitwise expressed gratitude for the opportunity to expand mainstream access to XRP. The Bitwise XRP ETF, which was the firm’s 49th investment product at launch, charges a 0.34% sponsor fee. This fee is waived on the first $500 million of trust assets through December 19, 2025.
Early performance data indicated significant initial demand, with the fund recording $25.9 million in trading volume on its first day. Canary Capital’s XRPC debuted with nearly $60 million. By December 1, cumulative inflows for Bitwise’s new funds had reached $756 million. The trust’s net assets grew from $241.4 million at the end of December to $299.1 million by June 30. In the first half of the year, investors added approximately 181.5 million XRP, valued at $269.9 million, through share creations. During the June quarter alone, investors added about 105.3 million XRP worth $137.9 million.
The Bitwise XRP ETF’s rapid ascent to over $500 million in AUM, coupled with substantial inflows across the XRP ETF market, highlights persistent investor interest in the asset class, even as the price of XRP itself has faced downward pressure.
Why This Matters
The materials describe a narrow update: The Bitwise XRP ETF reached over $500 million in assets under management (AUM) approximately nine months after its inception. The exact date of the ETF’s launch is not explicitly stated, only that it was nine months prior to the $500 million AUM milestone.
Broader Context
Source materials place the factual news in this context: The article is from CryptoPotato.
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