XRP ETF net assets rise 80% in third quarter as Bitwise CIO cites adviser demand

  • XRP ETF net assets rose 80% during the third quarter to $1.77 billion.
  • Solana ETFs attracted $469.09 million over 11 weeks through Sept. 25, versus XRP's $306.41 million.
  • XRP ETFs held $1.79 billion in cumulative net inflows, exceeding Solana's $1.61 billion.

XRP ETF net assets rose 80% during the third quarter to a record $1.77 billion, as Bitwise Chief Investment Officer Matt Hougan said financial advisers value the token's longevity and applications in stablecoins and cross-currency liquidity. XRP ETFs recorded $306.41 million of net inflows over the 11 weeks through Sept. 25, compared with Solana ETFs' $469.09 million, although XRP maintained higher cumulative net inflows of $1.79 billion versus Solana's $1.61 billion. Bitwise's updated Sept. 28 prospectus lists a 0.34% annual sponsor fee and Coinbase Custody as custodian. XRP rose 1.5% Tuesday morning after approaching $1.65, while Solana gained 1%.

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