Bitwise’s XRP ETF has surpassed $500 million in assets under management (AUM) nine months after beginning trading on the NYSE. The fund launched on Nov. 20, 2025, and Bitwise announced the milestone on Aug. 31, saying it was grateful to expand mainstream access to XRP and offer investors exposure to the asset. The fund’s asset growth has stood out despite XRP’s price being down 66% from 2026, with continued capital inflows helping offset the lower underlying asset price. Growth accelerated after XRP reached a local low in mid-August. Franklin Templeton’s XRPZ is the clearest recent challenger, attracting about $28.7 million during Aug. 24–28. Canary Capital’s XRPC remains one of the larger products overall, while more recent tracker data places Bitwise ahead in XRP held and total assets. Grayscale’s GXRP and 21Shares’ TOXR are significantly smaller. Total XRP ETF AUM is around $1.53 billion, with Bitwise holding approximately 364.8 million XRP.