Bitwise Surpasses Rivals in the XRP ETF Arena
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Bitwise XRP ETF: Dominating the Market
In a recent development in the financial landscape, Bitwise CEO Hunter Horsley announced that the company’s XRP spot ETF has claimed the top position in the US market. This advancement highlights the growing liquidity and asset base within the ETF category as Bitwise edges out competitors.
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Horsley shared on social media, “The Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in America, with $10,000,000 in inflows recorded this week. We are thankful to our investors for their trust in Bitwise’s asset management capabilities.”
XRP ETF Market Dynamics
According to SoSoValue’s US XRP spot ETF analytics, Bitwise’s fund boasts net assets of $289.00 million, surpassing Canary’s XRPC, which stands at $285.79 million. This gap of approximately $3.21 million constitutes about 0.3% of the overall $1.08 billion category.
Trailing behind these leaders, Franklin’s XRPZ holds $247.27 million, 21Shares’ TOXR has $179.34 million, and Grayscale’s GXRP is at $78.18 million. In terms of fees, SoSoValue reports XRP at 0.34%, XRPC at 0.50%, XRPZ at 0.19%, TOXR at 0.30%, and GXRP at 0.35%.
Market Trends and Inflows
The category witnessed net inflows of $4.19 million on March 4, boosting cumulative inflows to $1.26 billion. Trading activity surged, with a total value traded of $56.03 million, increasing aggregate net assets to $1.0796 billion, equivalent to about 1.21% of XRP’s market cap.
The flow history reveals a significant initial surge, with 62 sessions of net inflows compared to only six outflow days and six flat days from November 13, 2025, through March 4, 2026. The most substantial inflow occurred on November 14, with $243.05 million, while the largest outflow was on January 29, with -$92.92 million.
Early Surge and Current Market Dynamics
This initial surge remains a dominating factor, accounting for roughly 77% of the $1.26 billion cumulative net inflow within the first four weeks post-launch. After this period, average daily net inflows decreased significantly, dropping from about $48.5 million/day to around $5.3 million/day.
Weekly data mirrors this trend: the first month featured nine-figure weekly inflows, peaking around $243.95 million during the week starting November 24. In contrast, recent weeks have averaged single-digit millions, with two weeks experiencing net outflows, the most significant being -$52.26 million starting January 26.
These shifts indicate a transition from an initial allocation phase to a maintenance phase, where minor changes in flow and net asset value can alter rankings. As of the latest update, XRP is trading at $1.42.
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