Bitwise CEO Hunter Horsley celebrates the strong early performance of the firm’s newly launched spot XRP ETF
Significance of the Milestone
This milestone is considered an impressive start for a newly launched crypto ETF, especially during a bearish market It also signals genuine interest from institutions and traditional investors who prefer regulated exposure to holding XRP directly.
As inflows soar, Bitwise will continue to acquire more XRP to back the ETF shares Horsley expressed gratitude to investors for choosing Bitwise as the manager of their XRP exposure
Bitwise XRP ETF Performance
As of November 24, the fund holds 77,144,674 XRP (77.14 million) backing the shares issued to investors. At current market prices, these holdings are worth $168.68 million
Bitwise also disclosed that 11.19 XRP backs each ETF share, giving investors direct exposure to the fourth-largest cryptocurrency by market cap
Bitwise XRP ETF## Cumulative Inflows Into XRP ETF
The Bitwise fund is just one of several spot ETFs tied to XRP. Currently, four spot ETFs offer investors direct exposure to the cryptocurrency. They include the Canary XRP ETF (XRPC), Grayscale XRP Trust ETF (GXRP), Franklin Templeton XRP ETF (XRPZ), and the Bitwise XRP ETF (XRP).
Collectively, these products recorded net inflows of $35.41 million yesterday, pushing their cumulative inflows to $622.11 million, according to SoSoValue. Their combined net assets now stand at approximately $644.64 million, equivalent to roughly 0.49% of XRP’s total market cap
Meanwhile, more spot XRP ETFs, including the proposed funds from 21Shares, CoinShares, and WisdomTree, are still pending. Analysts suggest they could launch in the coming days or weeks
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Faces Pressure as Network Usage and Momentum Decline
Key Insights
XRP Ledger transactions and active accounts dropped sharply, signaling reduced usage and weakening demand that directly impacts the asset’s broader market outlook.
Price continues to face resistance at key technical levels, while compression below moving averages reflects
CryptoNewsLand8m ago
PI vs. XRP: Which Altcoin Will Win Q2? (2 AIs Make Some Bold Predictions)
Two of the most popular altcoins go into battle in the AI realm to determine which one might enjoy Q2 2026 more than the other.
Both have been quite volatile lately, and the projects behind the tokens have made significant progress on multiple fronts. But which will be the clear winner, at least
CryptoPotato8m ago
Important Binance Update Concerning Ripple (XRP) and Other Altcoin Traders: Details
The world’s leading cryptocurrency exchange is set to delist certain trading pairs this week.
Some of the digital assets that will be affected by the initiative include Ripple (XRP), Bitcoin Cash (BCH), and Avalanche (AVAX).
The Upcoming Amendment
----------------------
Binance will remove the
CryptoPotato12m ago
XRP Sees 233% Spot Flow Surge Amid Rising Trading Activity
Key Insights:
XRP spot flows jumped 233% in one hour, highlighting increased direct market participation and signaling heightened short-term trading momentum across exchanges.
Price structure mixed signals: XRP forms higher lows while remaining below major averages, indicating easing
CryptoFrontNews34m ago
Ripple (XRP) Price Jumps 8%, New Crypto Project PlayNance (GCoin) Locks 250M Tokens Within Hours
XRP’s price has increased by more than 8% over the past week, pushing above the pivotal $1.5 level.
Ripple’s native cryptocurrency is also a leading performer for the past 24 hours, up by 2.8% – the most out of the top 10 coins by means of total market capitalization.
Source: TradingView
It’s w
CryptoPotato1h ago
