Bitwise XRP ETF Crosses $500M Nine Months After Launch

The Bitwise XRP ETF crossed $507 million in assets under management, according to CryptoPotato, on 31 August 2026, nine months after its NYSE debut on 20 November 2025.The milestone comes as Bitwise leads the XRP ETF market in cumulative net inflows, with more than $600 million, ahead of Canary's XRPC at $483 million and Franklin Templeton's XRPZ at $462.86 million.

$1.66 Billion in Cumulative Flows Across XRP ETFs

Cumulative net inflows across all XRP ETFs reached a record $1.66 billion as of 29 August 2026. Bitwise alone accounted for more than $600 million of that total. The fund's growth accelerated sharply in August, rising from $299.1 million in assets on 30 June to $507.23 million by month-end. XRP ETFs collectively recorded $723 million in monthly trading volume for August, a new all-time high.The final week of August delivered $110.49 million in weekly net inflows, the largest weekly haul of 2026, though still well below the roughly $244 million all-time weekly record set in late 2025. A single-day peak of $28.14 million arrived midweek.

AUM Growth Reflected Both XRP's Rally and Fresh Capital

The fund's AUM growth coincided with a strong recovery in XRP's price. XRP rose from $1.04 on 30 June to about $1.38 by 31 August, a gain of roughly 33%, after climbing from $0.9882 on 18 August to between $1.66 and $1.69 on 22 August.Both XRP's price appreciation and net new capital contributed to the fund's growth. The fund's holdings of about 364.8 million XRP and cumulative net inflows of more than $600 million, compared with roughly $507 million in assets, also point to substantial investor creations over the period.The Bitwise XRP ETF charges a 0.34% management fee, though the fee was waived on the first $500 million in assets through 19 December 2025.The relationship between inflows and XRP's price offers a clearer measure of investor demand. While XRP's roughly 33% rise from the end of June to the end of August contributed materially to the increase in assets, cumulative net inflows above $600 million show that the fund also attracted substantial new capital.That combination is relevant for a fund that is still in its first year and building a track record against competitors.

Three Funds, One Race for Institutional Allocation

The XRP ETF market now has three funds above $460 million in cumulative inflows. Bitwise leads, but Canary's XRPC and Franklin Templeton's XRPZ are within striking distance. The competitive dynamic is different from Bitcoin ETFs, where BlackRock's iShares fund separated early. In XRP, no single issuer has locked up a dominant share, and the record August volume of $723 million suggests the asset class is still attracting fresh allocators rather than reshuffling existing positions.September will test whether the August inflow pace holds. XRP's price has softened below $1.40, and broader crypto market conditions remain mixed. The next data point is whether the $110 million weekly record was a one-off August surge or the start of a sustained institutional rotation into XRP exposure.