Bitwise's (@Bitwise) spot XRP exchange-traded fund has passed the half-billion-dollar mark in net assets. The fund, which tracks $XRP, held $541.12 million as of October 17, according to figu
Bitwise's (@Bitwise) spot XRP exchange-traded fund has passed the half-billion-dollar mark in net assets. The fund, which tracks $XRP, held $541.12 million as of October 17, according to figures from the SoSoValue fund tracker reported by COINOTAG.
The same dataset puts cumulative net inflows at $684.73 million. The product gives investors a way to gain exposure to XRP price moves without buying or storing the token directly.
SoSoValue's XRP ETF dashboard lists the Bitwise fund with a 0.34% fee, according to the data provider. It trades on NYSE under the ticker XRP.
The fund is the largest of the US spot XRP products by cumulative inflows. Data cited by Coinpaper shows Franklin Templeton's fund with roughly $509 million and Canary Capital's with nearly $487 million. Those products began launching in November 2025, and total net inflows across the category reached about $1.8 billion by mid-October.
Steady inflows since launch point to continued demand for regulated XRP exposure. U.Today noted that the trend looks more like accumulated demand than a short-term event, as Digital Today reported.
Net assets and net inflows are different measures. Inflows reflect subscriptions minus redemptions, while net assets track the current market value of holdings, according to Coinpaper. That is why Bitwise's net assets of $541.12 million sit below its $684.73 million in cumulative inflows: changes in the XRP price affect the value of what the fund holds.
Neither figure translates directly into a set amount of XRP bought by the fund. The same caveat appears in U.Today's report on the milestone.
Daily flows across the sector have also been uneven. XRP spot ETFs recorded a $2.47 million net outflow on October 16, entirely from the Canary XRP ETF, according to SoSoValue data relayed by KuCoin News. On October 14, Bitwise was the only issuer to attract new capital, though the inflow was small at about $740,400.
For now, Bitwise's fund remains the clearest gauge of how much money is flowing into XRP through traditional markets, even as the token's price and daily flows fluctuate.
COINOTAG: Bitwise XRP ETF net assets top $541 millionU.Today: Bitwise holds over half a billion XRPDigital Today: Bitwise leads XRP ETF market with net assets over $500 million
