Bitwise's XRP ETF Tops $500 Million in Just Months

Bitwise’s $XRP ETF has surpassed $500 million in assets under management just nine months after launching.

Bitwise announced the milestone on Aug. 31, stating its $XRP ETF had crossed the $500 million AUM mark.

The fund began trading on the NYSE on Nov. 20, 2025.

“14 years in, and the $XRP community continues to be unstoppable,” Bitwise said in a post on X, adding that it was grateful for the opportunity to expand mainstream access to $XRP and provide investors with exposure to the asset.

The pace of AUM growth is particularly notable when compared with $XRP’s price performance.

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The price of the leading cryptocurrency is down a whopping 66% from 2026.

Continued capital inflows have helped offset the effect of a lower underlying asset price.

The acceleration has been especially visible since $XRP reached a local low in mid-August.

Other $XRP ETFs

Franklin Templeton’s $XRP ETF is the other major recent winner. Its XRPZ product attracted about $28.7 million during the Aug. 24–28 week. That makes Franklin the clearest challenger to Bitwise in terms of recent momentum.

Canary Capital’s XRPC remains one of the larger products overall. Earlier 2026 data identified Canary as having the largest AUM among the $XRP ETF group, while more recent tracker data puts Bitwise ahead in $XRP held and overall assets.

Grayscale’s GXRP and 21Shares’ TOXR operate on a significantly smaller scale. A recent ETF tracker puts total $XRP ETF AUM at around $1.53 billion and shows Bitwise holding approximately 364.8 million $XRP.