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Bitwise spot XRP ETF assets surpass $500 million after nine months

  • Bitwise’s spot XRP ETF surpassed $500 million in assets under management.
  • The fund reached the milestone about nine months after its launch.
  • XRP traded at $1.38, down 2.72%, according to CoinMarketCap data.

Bitwise’s spot XRP ETF surpassed $500 million in assets under management by the end of August, roughly nine months after launch, according to crypto market data platform SoSoValue. CoinMarketCap data showed XRP trading at $1.38, down 2.72%. A spot ETF directly tracks the underlying asset rather than relying on futures contracts.

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