Bitwise’s spot XRP ETF trading under the ticker $XRP has officially become the largest fund of its kind in the United States, following a surge of $10 million in weekly inflows that pushed it ahead of competing products. The milestone was confirmed by Bitwise CEO Hunter Horsley earlier today, marking a significant development in the rapidly expanding U.S. market for spot XRP exchange-traded funds.
The Bitwise Asset Management product now leads the domestic XRP ETF segment with $269.05 million in assets under management. The strong weekly inflow was decisive in allowing the fund to overtake its closest rivals in what remains a highly competitive landscape. In a public statement, the firm expressed gratitude to investors for entrusting Bitwise with their capital.
According to comprehensive market data from SoSoValue, the sector continues to demonstrate steady capital accumulation, including $7.53 million in daily net inflows and nearly $39 million in trading volume recorded on March 3.
Competition among issuers remains tight. Canary’s XRPC fund follows closely behind Bitwise with $262.17 million in assets, while Franklin Templeton’s XRPZ holds $230.20 million, securing the third position.
21Shares and Grayscale complete the top five issuers, managing $166.96 million and $72.49 million respectively. The narrow asset gap between the leading funds suggests that leadership in the segment could shift again depending on future inflow.
Source: Report on Bitwise XRP ETF
Disclaimer: This content is for informational purposes only and does not constitute financial advice or an investment recommendation. Cryptocurrency-related investment products are volatile and involve significant risk.
