Bitwise XRP ETF surpasses $500 million in assets nine months after launch

  • Bitwise’s XRP ETF surpassed $500 million in assets under management nine months after launching.
  • More than $1.5 billion flowed into the U.S. spot XRP ETF market.
  • Hunter Horsley, CEO of Bitwise, reported the milestone on social media.

Bitwise’s XRP ETF has accumulated more than $500 million in assets under management nine months after launching on the NYSE, where it waived its management fee during the first month. Hunter Horsley, CEO of Bitwise, reported the milestone on social media, describing the fund as the largest XRP ETF globally. The development comes as U.S. spot XRP ETFs attract more than $1.5 billion in inflows amid competition among multiple funds. The milestone may indicate rising institutional acceptance of XRP and, based on market pricing, could support expectations for future price gains, although its social-media origin may limit confidence in the claim. Investors are expected to watch further ETF inflows, new product launches, Ripple and U.S. SEC (U.S. securities regulator) announcements, and developments related to the year-end prediction that XRP could reach new all-time highs.

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