Bitwise XRP Fund Passes $500 Million as Spot ETF Demand Builds

Bitwise’s XRP fund has passed $500 million, according to a report originally published by BigGo Finance. The milestone comes as demand builds around spot exchange-traded fund products tied to XRP, the digital asset associated with the XRP Ledger ecosystem.

XRP is one of the larger and longer-running crypto assets, and interest in regulated investment vehicles has become an important theme across the digital-asset market. Spot funds are designed to provide market exposure to an underlying asset without requiring investors to directly buy, store or manage the token themselves.

The reported $500 million threshold highlights growing attention toward XRP-focused products as fund managers and market participants monitor the expansion of crypto investment offerings. Bitwise is a digital-asset-focused asset manager that has developed investment products aimed at providing access to cryptocurrency markets.

The report did not provide further details on the fund’s structure, the timing of the asset-growth milestone, or the drivers behind demand. Market interest in spot crypto products has broadened following the development of regulated vehicles for several major digital assets.