Bitwise's XRP (XRP) ETF Tops $500 Million AUM Nine Months After NYSE Debut

Bitwise Crosses $500 Million

Bitwise's spot XRP (XRP) exchange-traded fund has pushed past $500 million in assets under management, a threshold the asset manager confirmed on Aug. 31 — roughly nine months after the product began trading on the New York Stock Exchange on Nov. 20, 2025. For readers new to the vehicle, an ETF wraps the underlying token in a regulated, exchange-listed structure, letting traditional brokerage customers gain exposure to XRP without directly custodied coins. The pace of accumulation stands out against the token's own market performance: XRP trades down roughly 66% from its 2026 levels, a drawdown that would normally compress a fund's valuation, yet cumulative inflows have more than offset the depreciation of the underlying holdings. Our desk's reading of the flow data is that the acceleration became especially visible after the token carved out a local low in mid-August, with capital entering the wrapper at a steadier clip since. In a post on X announcing the milestone, Bitwise framed the moment around the community rather than the chart, writing that “14 years in, and the XRP community continues to be unstoppable” and expressing gratitude for the chance to widen mainstream access to the asset. The takeaway: demand for regulated exposure is behaving independently of spot price, with investors treating the bear-market drawdown as an accumulation window through the ETF structure rather than an exit signal — a pattern consistent with maturing institutional adoption of the XRP ecosystem.

post on X announcing the milestonehttps://x.com/bitwise/status/2094418806948946180?s=46&t=dYF0hpz-gFc8HcetSehFUQ

Franklin Templeton Emerges as Closest Rival

The milestone lands in an increasingly crowded field. Franklin Templeton's XRPZ product attracted approximately $28.7 million during the week of Aug. 24–28, making it the clearest challenger to Bitwise in terms of recent momentum. Canary Capital's XRPC remains one of the largest products overall — earlier 2026 data identified Canary as holding the biggest AUM in the XRP ETF group, though more recent tracker readings place Bitwise ahead in both tokens held and total assets, with roughly 364.8 million XRP under its management. Grayscale's GXRP and 21Shares' TOXR operate at a considerably smaller scale. Taken together, a recent ETF tracker puts total XRP ETF assets under management at about $1.53 billion — still modest next to spot Bitcoin and Ethereum products, but a pool that has concentrated around a handful of leaders. That competitive structure matters for flows: with several similarly constructed products chasing the same mandate, a single week of creations can reshuffle the rankings, and August's data shows exactly that dynamic, with Bitwise overtaking on size while Franklin leads on weekly momentum. For allocators weighing where to buy XRP exposure, the choice of wrapper increasingly comes down to fee structure and liquidity rather than availability, since the largest products all trade on US exchanges and track the same underlying asset. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

$1.39 Resistance Under Test

COINOTAG's proprietary 42-indicator composite S/R scoring engine rates the $1.3989 resistance at 90/100, driven by the confluence of the Value Area High, POC and ATR Upper band, while the $1.3754 support scores 81/100 on Fibonacci 0.500, Ichimoku Kijun and Pivot Point confluence — spot at $1.3890 sits squeezed between the two. Positioning skews long: funding at 0.0045%, open interest of $955 million and a 2.60 long/short account ratio on our contract trading aggregate, with the Fear & Greed Index at 62 (Greed) and RSI near 63 inside a bullish-MACD uptrend. A daily close above $1.3989 opens $1.5139 (84/100); losing $1.3754 invalidates the bullish setup, as we flagged in our earlier review of how XRP defended $1.34 support.