XRP ETFs Led by Bitwise Hold 1.16 Billion XRP One Year After US Launch

A Year of US Spot XRP ETFs

United States spot XRP ETFs closed their first year of trading holding 1.16 billion XRP, a balance the market reached on Saturday, one year after the first US fund dedicated solely to the token began trading. Data shared by the official XRP account on X confirms the cumulative figure, which grew steadily through the year even as broader momentum cooled.

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Six asset managers now issue XRP funds in the US market: Bitwise, Franklin Templeton, Canary Capital, 21Shares, Grayscale and REX. The products give investors exposure through traditional brokerage instruments instead of direct spot trading of the token, and Franklin Templeton and Grayscale rank among globally recognized managers, a sign the buyer base extends past retail accounts.

The XRP price sits near $1.00 at publication, little changed since the anniversary figures landed, though the token is down about 2.5% over 24 hours. A year of accumulation has not produced a strong price move, but it has left a permanent institutional channel around the XRP ecosystem.

Bitwise Holds the Largest Fund Balance

Issuer-level disclosures show where the 1.16 billion XRP sits. At the 2026-11-12 close, Bitwise's fund held about 406.77 million XRP, the largest single position, ahead of Franklin Templeton at roughly 310.43 million and Canary Capital at about 242.53 million. Combined net assets across the six products stood at $1.23 billion the same day. The totals exclude Bitwise's diversified index fund BITW, which carries assets beyond XRP, so adding it to the six-fund sum would compare different baskets.

Holdings have slipped this month: the funds carried about 1.18 billion XRP on 2026-11-04, and the balance fell roughly 20 million by 2026-11-12. Aggregate flow data over 15 trading sessions from 2026-10-23 to 2026-11-12 records a net outflow of about 2.29 million XRP across the four products with daily reporting. Grayscale's fund enters the record only through quarterly disclosures, and REX-Osprey's XRPR is absent from daily counts because most of its assets sit directly in XRP with the remainder in XRP-collateralized listed products.

The redemption run this month included the largest weekly outflow since March, which our earlier reporting put at $19.13 million. Investors weighing these wrappers against direct token ownership can consult our guide to investing in crypto ETF funds.

Two Accumulation Waves, Then a Slowdown

The chart behind the anniversary figure shows two distinct waves of growth. Balances climbed sharply in the weeks after the first products began trading late in 2025, accelerated again in August 2026, and have flattened in recent days as prolonged market volatility limited new creations.

The staggered launch schedule matters for how the date is read: Canary Capital's XRPC, the first US product dedicated solely to XRP, marked its own first-trading anniversary on Friday after starting on Nasdaq on 2025-11-13, while REX-Osprey's XRPR launched earliest, on 2025-09-18. Other issuers joined after the first movers, widening the issuer set to six within the year. Price performance over the same period has been modest, which makes the sustained inflow record the clearer measure of demand.

Institutional participation is visible at the holder level too: Rakuten's 13F filing disclosed a $111,255 stake in the Bitwise XRP fund. Because Bitwise's product remains the largest holder among the six, any renewed creation cycle, or a continued redemption run, will register there first. XRP trades at $0.9957, up 0.2% since the anniversary data landed at 12:26 UTC and down 2.5% over 24 hours.

The market sits just above its strongest support: our composite scoring puts $0.9919 at 96 out of 100, where the lower Bollinger Bands boundary, the first swing support and the 1.000 Fibonacci level converge. Overhead, $1.0526 scores 84 out of 100 and marks the level sellers defended most recently. Positioning reads mixed: the funding rate on XRP perpetual futures is slightly negative at -0.0029%, while 78.8% of tracked accounts hold long positions, a 3.73 long/short ratio. A daily close below $0.9919 would hand the downside to a far weaker band of supports, while a recovery through $1.0526 would be the first confirmation that a year of ETF absorption is turning into price. Full level detail sits in our XRP technical analysis.