Bitwise Asset Management’s spot XRP exchange-traded fund has crossed a notable threshold, reaching more than $500 million in assets under management only nine months after it started trading. The firm shared the update on August 31, 2026, highlighting how quickly the product has drawn capital from investors seeking regulated exposure to XRP.
The fund, which trades under the ticker XRP, began listing on the New York Stock Exchange on November 20, 2025.
At launch it carried a 0.34 percent annual fee, with the sponsor waiving that charge on the first $500 million of assets for the opening month.
That introductory structure helped attract early interest from both retail and institutional buyers who wanted XRP exposure without holding the token directly or managing private keys.
What makes the $500 million mark striking is the backdrop of XRP’s price action.
The token has fallen sharply from levels seen earlier in 2026, yet the fund has continued to gather net inflows.
Those new subscriptions have more than offset the decline in the value of the underlying holdings.
By late August the product held roughly 364.8 million XRP tokens.
Across the broader US spot XRP ETF category, combined assets stood near $1.53 billion, with cumulative inflows exceeding $1.5 billion since the first products appeared.
14 years in, and the ripple:native community continues to be unstoppable.
The Bitwise XRP ETF (XRP) crossed $500,000,000 in AUM—just 9 months after launch.
Grateful for the chance to expand mainstream access to XRP and steward investors’ exposure to the opportunities in this… pic.twitter.com/sgeMDiY5ce
— Bitwise (@Bitwise) August 31, 2026
Bitwise occupies the leading position among those funds.
Competitors such as Franklin Templeton’s XRPZ and Canary Capital’s offering have also seen inflows, but Bitwise has maintained the largest share of both assets and tokens held.
The $500 million level is often viewed as a psychological milestone that signals a product has achieved a stable investor base and greater liquidity.
The company framed the achievement as evidence of enduring community support.
In its announcement it noted that fourteen years after XRP’s creation, demand remains strong and expressed appreciation for the chance to give traditional investors a straightforward way to participate.
The ETF structure removes the operational and custodial hurdles that have historically limited institutional participation in digital assets.
The rapid accumulation also reflects a wider shift toward listed crypto products.
After Bitcoin and Ethereum ETFs demonstrated that regulated wrappers can attract sizable capital, issuers moved quickly to offer similar vehicles for other large-cap tokens.
XRP’s long operating history, focus on payments infrastructure, and relatively clear regulatory standing in the United States have made it a natural candidate.
Persistent inflows even during a price slump suggest many investors are treating the allocation as a longer-term position rather than a short-term trade.
For advisors and institutions that cannot or prefer not to custody crypto themselves, the Bitwise product provides a familiar brokerage-account wrapper, daily liquidity, and professional administration.
As more wealth managers become comfortable with digital asset ETFs, products that reach scale first often capture a lasting advantage in visibility and trading volume.
The $500 million crossing therefore represents both a commercial success for Bitwise and another data point in the gradual integration of crypto into conventional portfolios. Whether the fund continues its growth trajectory will depend on XRP’s market performance, competing products, and the broader appetite for alternative asset exposure.
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