XRP Spot ETF Flows Push Bitwise to #1 With $289M AUM

Bitwise XRP ETF (ticker: XRP) has surged to the top spot among U.S. spot XRP exchange-traded funds, commanding approximately $289 million in assets under management (AUM) and solidifying its lead in a rapidly growing segment.

According to SoSoValue data, the five U.S. spot XRP ETFs now hold a combined $1.08 billion, with cumulative net inflows reaching $1.25-1.26 billion since their launches.

Bitwise overtook Canary Capital’s XRPC ETF (holding ~$262-286M) thanks to $10 million in weekly inflows, as confirmed by Bitwise CEO Hunter Horsley on X.

The ETF rankings show Franklin Templeton XRPZ at ~$230-247M, 21Shares at $167-179M, and Grayscale’s XRPG at $72-78M, rounding out the top five. Since February 24, XRP ETFs have seen near-daily net inflows, with $4-7 million added on March 2 alone, reflecting sustained institutional appetite despite broader crypto volatility from the Iran conflict.

Bitwise XRP ETF Structure and Launch

Launched on NYSE in November 2025, Bitwise XRP ETF offers investors direct exposure to spot XRP, the third-largest cryptocurrency by market cap ($125B+), through a traditional brokerage account.

The fund charges a 0.34% management fee (waived entirely for the first $500M AUM in the initial month) and holds physical XRP custodied securely, eliminating the need for self-custody or wallets.

Bitwise positions it as a compliant gateway to XRP’s focus on the $250 trillion global payments market, appealing to institutions seeking regulated access without on-chain operational complexity.

Institutional Milestone for XRP Ecosystem

Bitwise’s ascent underscores maturing demand for XRP products post-SEC clarity. U.Today and KuCoin note the ETF’s growth mirrors Bitcoin and Ethereum ETF trajectories, with steady inflows signaling confidence in XRP’s utility for cross-border settlements and Ripple’s enterprise partnerships. XRP price held steady around $1.38 amid the news, with Bitrue reporting a 212% spot buying surge as traders anticipate higher on-chain volume from ETF activity.

This leadership positions Bitwise as the bellwether for XRP’s institutional era. As total AUM crosses $1B, it validates spot ETFs as a bridge for traditional finance into XRP’s payment-focused blockchain, potentially paving the way for more products and broader adoption.