Bitwise’s spot XRP ETF has become the largest fund of its kind in the United States
Bitwise CEO Hunter Horsley confirmed the milestone earlier today on the X social media network
The fund, which is trading under the ticker $XRP, secured an impressive $10 million in weekly inflows to push it past its competitors.
HOT Stories
XRP Breaks Out: $1.92 Emerges as Technical Target, Bitcoin Recovers to $71,000 Fueled by Quarter Billion in Short Liquidations, Cardano Sees Massive 230 Million ADA Whale Redistribution: Morning Crypto Report
Ripple CEO Says Clarity Act Is About Protecting Interests of Americans
“Grateful to investors entrusting Bitwise to steward their assets,” Bitwise said on social media
As reported by U.Today, Bitwise made a trailblazing move by filing for an XRP ETF back in October 2024
The current state of XRP ETFs
The broader American market for spot XRP exchange-traded funds is highly competitive and has reached significant financial milestones, currently boasting exactly $1 billion in total net assets
According to comprehensive market data from SoSoValu, the asset class has attracted a cumulative total net inflow of $1.25 billion since the funds began trading.
The race for the top spot remains incredibly tight across the major issuers
Bitwise currently leads the pack with $269.05 million in assets under management, but it is closely trailed by Canary’s XRPC fund, which holds $262.17 million.
Franklin Templeton’s XRPZ secures the third position with $230.20 million in assets. 21Shares and Grayscale round out the top five issuers in the space, holding $166.96 million and $72.49 million, respectively.
The sector continues to see steady daily accumulation from investors with $7.53 million in total net inflows and nearly $39 million in total value traded on March 3.
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
Best Crypto to Buy Now: XRP and ADA Bounce, but Pepeto Offers Rare Asymmetry as ZeroHash Files for National Trust Bank Charter
ZeroHash just applied for a national trust bank charter to expand regulated stablecoin services under a single federal framework, and when crypto infrastructure companies start filing for bank charters instead of running from regulation.
It means the industry is maturing into something that
CaptainAltcoin42m ago
Here’s the XRP Price If Banks Start Treating Ripple as the Ultimate “Integration Play”
Ripple’s XRP price moved up a bit today, but the overall picture still feels uncertain. The token dropped heavily over the past few months, and many traders are still careful.
Online discussions show mixed feelings. Some think the recent drop may have formed a short-term bottom. However, many
CaptainAltcoin1h ago
XRP Reclaims $1.39 After $1.69M Liquidation Spike — Can Price Break $1.43 Today?
XRP has rebounded to $1.39 after an 8.2% gain, following a significant liquidation event that targeted overleveraged long positions. Current support is at $1.27, with resistance at $1.43. Market dynamics suggest cautious bullish momentum may continue, while bearish pressure could emerge if resistance fails.
CryptoNewsLand1h ago
