Bitwise XRP ETF Hits $500M AUM Milestone
Bitwise XRP ETF crossed $500 million in assets with $502.7 million net holdings and leads U.S. spot XRP inflows at over $600 million.
Bitwise Asset Management reported that its spot XRP ETF crossed $500 million in assets under management nine months after launch. Net assets stood at $502.7 million across 364.75 million XRP as of last Friday and rose to $507.23 million after Monday's close.
Cumulative inflows into U.S. XRP ETFs reached $1.66 billion. Bitwise leads with more than $600 million in net inflows, ahead of Canary Capital and Franklin Templeton products.
Inflows and Operations
The fund recorded $25.9 million in first-day volume on the NYSE in November. Share creations in the first half added 181.5 million XRP valued at $269.9 million. Bitwise waives its 0.34 percent sponsor fee on the first $500 million through December 2025.
The trust posted a $176.6 million net loss from operations in the first half, driven by the decline in XRP price from $1.82 to $1.04. Exact AUM after Monday and any further creations or redemptions remain unfiled.