Bitwise XRP ETF emerges as top US spot fund after strong inflows

Driven by robust demand for regulated crypto exposure, the bitwise xrp etf has now claimed the lead among US funds focused on this digital asset.

Bitwise fund takes top spot in US XRP market

The Bitwise spot XRP ETF (XRP) has officially become the largest fund of its kind in the United States after a weekly inflow surge of $10 million. This jump in fresh capital allowed the product to overtake rival spot XRP funds competing for market share.

Bitwise CEO Hunter Horsley confirmed the milestone earlier today on the X social network, highlighting the scale of investor interest. Moreover, the announcement underscored how quickly institutional-style vehicles for XRP have grown since launch.

The exchange-traded product, trading under the ticker XRP, secured that same $10 million in weekly inflows that pushed it ahead of competitors. However, the broader contest for dominance in this niche ETF segment remains tight as other issuers continue to attract assets.

“Grateful to investors entrusting Bitwise to steward their assets,” the company stated on social media, emphasizing its focus on professional management and regulated structures. That said, the firm did not disclose individual investor profiles or specific allocation strategies.

As previously reported by U.Today, Bitwise made a trailblazing move by filing for an XRP ETF in October 2024. This early application helped position the issuer at the front of the XRP ETF market as US demand for crypto-linked securities increased.

Competitive landscape of US XRP ETFs

The broader American market for spot XRP exchange-traded funds has become highly competitive and has already reached key financial milestones. At present, it boasts exactly $1 billion in total net assets, reflecting strong appetite from both retail and professional investors.

According to comprehensive market data from SoSoValu, the asset class has drawn a cumulative total net inflow of $1.25 billion since these products began trading. Moreover, these numbers point to sustained accumulation rather than short-lived speculative spikes.

The race for the top position among major issuers remains extremely close. The bitwise xrp etf currently leads with $269.05 million in assets under management, narrowly ahead of competitors that are still adding capital at a steady pace.

Bitwise is closely followed by Canary‘s XRPC fund, which holds $262.17 million in assets. However, the difference between the two leaders is slim, suggesting rankings could shift again if flows accelerate into any single product.

Franklin Templeton‘s XRPZ sits in third place with $230.20 million in assets under management. Moreover, 21Shares and Grayscale complete this informal XRP ETF issuers list, controlling $166.96 million and $72.49 million respectively.

The sector continues to record healthy daily investor demand. On March 3, the group of XRP ETFs captured $7.53 million in total net inflows and nearly $39 million in combined trading value. That said, the long-term sustainability of this pace will likely depend on broader crypto-market conditions.

In summary, US spot products backed by XRP have quickly grown into a billion-dollar segment, with Bitwise now holding a narrow lead on assets under management. However, rival issuers remain close behind, ensuring that competition and innovation in this ETF niche will likely stay intense.