Bitwise's spot XRP ETF has crossed $500 million in assets under management just nine months after its launch, even as XRP's price is down 66% from 2026. Recent tracker data puts Bitwise ahead of rivals Franklin Templeton and Canary Capital in XRP held and overall assets.
Bitwise's XRP ETF has surpassed $500 million in assets under management nine months after launching. Bitwise announced the milestone on Aug. 31, saying the fund had crossed the threshold. The fund began trading on the NYSE on Nov. 20, 2025.
The pace of growth stands out against XRP's own price performance. The price of XRP is down 66% from 2026, yet continued capital inflows have helped offset the effect of a lower underlying asset price. That acceleration has been especially visible since XRP hit a local low in mid-August.
According to Bitwise: "14 years in, and the $XRP community continues to be unstoppable", the firm said in a post on X, adding it was grateful for the opportunity to expand mainstream access to XRP and provide investors with exposure to the asset.
Franklin Templeton closes the gap
Franklin Templeton's XRP ETF has emerged as the other major recent winner. Its XRPZ product attracted about $28.7 million during the Aug. 24-28 week, making Franklin the clearest challenger to Bitwise in terms of recent momentum.
Canary Capital's XRPC remains one of the larger products overall. Earlier 2026 data identified Canary as having the largest AUM among the XRP ETF group, while more recent tracker data puts Bitwise ahead in XRP held and overall assets.
Grayscale's GXRP and 21Shares' TOXR operate on a significantly smaller scale. A recent ETF tracker puts total XRP ETF AUM at around $1.53 billion and shows Bitwise holding approximately 364.8 million XRP.
Source: U.Today
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