Bitwise Asset Management says its spot XRP exchange-traded fund has become the largest XRP ETF in the United States, following fresh inflows that reinforced growing liquidity in the category.
Bitwise claims top spot for XRP ETF
Hunter Horsley, CEO of Bitwise, said this week that the Bitwise XRP ETF (ticker: XRP) now leads the U.S. market by assets. “The Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in America. $10,000,000 inflows so far this week,” Horsley wrote in a post on social media.
Horsley credited expanding liquidity and a growing asset base across the segment for the shift in rankings.
Why it matters
New inflows and rising assets under management can improve secondary-market liquidity for ETFs, which may help tighten bid-ask spreads and enhance price discovery. For investors, a spot XRP ETF provides exposure to the price of XRP through a regulated fund structure, without the need to hold or custody the underlying tokens directly.
XRP and ETF context
XRP is the native digital asset of the XRP Ledger, a blockchain designed to facilitate fast, low-cost value transfers and cross-border payments. Crypto-focused ETFs have drawn increasing interest from investors seeking traditional-market access to digital assets, with issuers competing on fees, liquidity, and tracking quality.
What’s next
Bitwise did not disclose additional details alongside the update, such as current total assets under management for the fund or comparisons with rival products. Further data from issuers and exchanges will clarify how the XRP ETF category continues to develop in the U.S.