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XRP ETF Race: Bitwise Says It’s Now America’s Largest

Bitwise CEO Hunter Horsley says the agency’s XRP spot ETF has moved into the highest slot within the US market, edging out rivals on belongings because the class’s liquidity and asset base proceed to increase.

“The Bitwise XRP ETF (ticker: XRP) is now the most important XRP ETF in America. $10,000,000 inflows up to now this week. Grateful to buyers entrusting Bitwise to steward their belongings,” Horsley wrote on X.

XRP ETF Market: By The Numbers

SoSoValue’s US XRP spot ETF dashboard exhibits Bitwise’s fund at $289.00 million in web belongings. That locations it simply forward of Canary’s XRPC at $285.79 million, a spot of roughly $3.21 million, or about 0.3% of the class’s $1.08 billion complete.

The remainder of the pack sits a tier under the leaders. Franklin’s XRPZ exhibits $247.27 million in web belongings, 21Shares’ TOXR has $179.34 million, and Grayscale’s GXRP stands at $78.18 million. On the price entrance, 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 move knowledge exhibits the group took in $4.19 million of web inflows on March 4, pushing cumulative web inflows to $1.26 billion. Trading exercise additionally picked up yesterday: complete worth traded hit $56.03 million that session, whereas mixture web belongings rose to $1.0796 billion — about 1.21% of XRP’s market cap.

Meanwhile, the move historical past paints a very front-loaded launch. From Nov. 13, 2025 by March 4, 2026, the class logged 62 periods with web inflows, versus six outflow periods (with one other six flat days).

The single largest creation day was Nov. 14 with $243.05 million of web inflows; the most important redemption day got here a lot in a while Jan. 29, when the group posted -$92.92 million.

That early surge issues as a result of it nonetheless dominates the tape: roughly 77% of the $1.26 billion cumulative web influx in your file arrived inside the first 4 weeks after inception, and common every day web inflows fell sharply after that preliminary ramp (about $48.5 million/day over the primary ~20 periods versus ~$5.3 million/day in subsequent periods).

Weekly aggregates inform the identical story: the primary month repeatedly printed nine-figure weeks, together with the strongest week beginning Nov. 24 at roughly $243.95 million web influx. By distinction, the newest 4 weeks common single-digit hundreds of thousands per week, and there have been two net-outflow weeks total — with the worst week beginning Jan. 26 at about -$52.26 million.

Put in a different way, the “Bitwise is now the most important” milestone is occurring in a market that seems to have moved from launch-phase allocation to maintenance-phase churn, the place rankings can flip on marginal move variations and NAV strikes.

At press time, XRP traded at $1.42.

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