Bitwise Asset Management’s spot XRP exchange-traded fund has crossed $500 million in assets under management, roughly nine months after it began trading on the New York Stock Exchange on November 20, 2025.
The firm announced the milestone on August 31, 2026, noting that the product attracted steady demand even as XRP’s price fell sharply from earlier 2026 highs. By late August, the fund held about 364.8 million XRP tokens. The launch featured a 0.34 percent annual fee, with the sponsor waiving the charge on the first $500 million of assets for the opening month, a structure that helped draw early retail and institutional interest.
Broader industry data from SoSoValue on September 7 showed US-listed spot XRP ETFs have accumulated roughly $1.68 billion in cumulative net inflows since their November 2025 debut. The group added $18.96 million in the most recent trading week. Franklin Templeton’s XRPZ led with about $9.82 million in net creations, lifting its lifetime total to around $473 million. Canary Capital’s XRPC followed with $7.74 million, reaching nearly $491 million. Bitwise’s XRP fund remained the largest by cumulative subscriptions at about $599 million, despite a $3.32 million weekly outflow.
Combined net assets across the category stood near $1.48 billion, equal to roughly 1.69 percent of XRP’s market capitalization. Issuers now include Bitwise, Canary, Franklin Templeton, Grayscale, and 21Shares. Filings indicate investment advisers are the dominant holder category, with trading firms also among top positions, suggesting both tactical and longer-term allocations.
For XRP, the ETF channel has become a visible source of incremental demand, locking tokens in fund custody and reducing exchange float, though the effect remains small relative to total supply. The products are being watched as a gauge of whether regulated altcoin vehicles can attract capital beyond bitcoin and ether.
