Bitwise’s XRP ETF surpasses $500 million in AUM just nine months after launch

Milestone growth for Bitwise’s XRP ETF

Bitwise, a prominent crypto asset manager known for its broad suite of digital asset products, highlighted the significance of this accomplishment in a statement posted on X (formerly Twitter). The company expressed appreciation to the XRP community and reinforced its commitment to providing mainstream access to the cryptocurrency.

14 years in, and the $XRP community continues to be unstoppable, Bitwise noted, expressing gratitude for the expanding interest and support for the fund.

Despite volatility in XRP’s market value, consistent capital inflows into the fund have driven its strong AUM growth. This achievement is being viewed as a sign of broad-based demand and increasing investor confidence in XRP-linked financial products.

The rapid rise in AUM stands in contrast to XRP’s price trend over the same period. According to the latest figures, XRP’s price has fallen 66% from its peak in 2026. However, the ETF’s ability to continue attracting new investments has partially offset the impact of declining prices.

Competition among major XRP ETF issuers

Franklin Templeton, another major global asset management firm, has also reported increasing interest in its XRP ETF product. During the week of August 24–28, Franklin Templeton’s XRPZ ETF attracted approximately $28.7 million, positioning it as Bitwise’s closest competitor by recent capital flows.

Canary Capital’s XRPC, meanwhile, continues to hold a strong position, especially based on earlier 2026 figures naming it as the largest among XRP ETFs by AUM. However, recent data from independent ETF trackers now place Bitwise ahead of Canary Capital in both XRP held and total assets under management.

Grayscale and 21Shares, two companies best known for their range of cryptocurrency investment products, also offer XRP ETFs via the GXRP and TOXR funds. However, recent data indicate these funds remain significantly smaller in scale compared to those managed by Bitwise or Franklin Templeton.

The total assets under management for all XRP ETFs have now reached about $1.53 billion, with Bitwise accounting for roughly 364.8 million XRP tokens held within its fund. Industry analysts note the ETF structure offers an accessible route for investors to gain exposure to XRP—an asset traditionally subject to direct market volatility and regulatory scrutiny.

Bitwise’s development marks a new phase for XRP investment, reflecting both growing mainstream interest and evolving competition among asset managers offering crypto-linked ETFs.

Mini dictionary: Bitwise Asset Management is a US-based crypto asset manager established in 2017, offering investment products focused on digital assets such as Bitcoin, Ethereum, and various single-asset or themed funds for institutional and retail investors.