Bitwise XRP ETF Becomes Largest in America - U.Today

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.

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“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.