Largest XRP ETF Crosses $500 Million in Assets Just 9 Months After Launch

Despite XRP’s price volatility, investor demand for US spot XRP ETFs has remained strong, attracting over $1.66 billion in cumulative inflows.

Asset manager Bitwise said that its XRP ETF (XRP) has crossed $500 million in assets under management (AUM) just nine months after launch. The fund’s page showed $502.7 million in net assets across 364.75 million XRP last Friday and $507.23 million after Monday’s close.

“14 years in, and the $XRP community continues to be unstoppable,” the firm wrote in its announcement on X, adding it was “grateful for the chance to expand mainstream access to XRP.”

First Half Closed at $299 Million

The fund logged $25.9 million in trading volume on its first day on the New York Stock Exchange on November 20, one week after Canary Capital’s XRP ETF (XRPC) opened the US spot category with a nearly $60 million debut.

It was Bitwise’s 49th investment product at launch, and the new funds even outdrew Bitcoin and Ethereum products in their first weeks, with cumulative inflows reaching $756 million by December 1.

Net assets stood at $241.4 million at the end of December and $299.1 million on June 30, according to the trust’s 10-Q for the second quarter. Investors added roughly 181.5 million XRP worth $269.9 million through share creations over the first half, including 105.3 million XRP worth $137.9 million in the June quarter alone.