Bitwise CEO Hunter Horsley says the firm’s XRP spot ETF has moved into the top slot in the US market, edging out rivals on assets as the category’s liquidity and asset base continue to expand.
“The Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in America. $10,000,000 inflows so far this week. Grateful to investors entrusting Bitwise to steward their assets,” Horsley wrote on X.
$10,000,000 inflows so far this week.
XRP ETF Market: By The NumbersThe rest of the pack sits a tier below the leaders. Franklin’s XRPZ shows $247.27 million in net assets, 21Shares’ TOXR has $179.34 million, and Grayscale’s GXRP stands at $78.18 million. On the fee front, SoSoValue lists XRP at 0.34%, XRPC at 0.50%, XRPZ at 0.19%, TOXR at 0.30%, and GXRP at 0.35%.
Category-level flow data shows the group took in $4.19 million of net inflows on March 4, pushing cumulative net inflows to $1.26 billion. Trading activity also picked up yesterday: total value traded hit $56.03 million that session, while aggregate net assets rose to $1.0796 billion — about 1.21% of XRP’s market cap.
The single biggest creation day was Nov. 14 with $243.05 million of net inflows; the largest redemption day came much later on Jan. 29, when the group posted -$92.92 million.
That early surge matters because it still dominates the tape: roughly 77% of the $1.26 billion cumulative net inflow in your file arrived within the first four weeks after inception, and average daily net inflows fell sharply after that initial ramp (about $48.5 million/day over the first ~20 sessions versus ~$5.3 million/day in subsequent sessions).
Put differently, the “Bitwise is now the largest” milestone is happening in a market that appears to have moved from launch-phase allocation to maintenance-phase churn, where rankings can flip on marginal flow differences and NAV moves.
At press time, XRP traded at $1.42.
