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 biggest XRP ETF in America. $10,000,000 inflows to date this week. Grateful to buyers entrusting Bitwise to steward their belongings,” Horsley wrote on X.
The Bitwise XRP ETF (ticker $XRP ) is now the biggest XRP ETF in America.
$10,000,000 inflows to date this week.
Grateful to buyers entrusting @Bitwise to steward their belongings.
Onward — https://t.co/b9OENfcreD
— Hunter Horsley (@HHorsley) March 4, 2026
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 niche of roughly $3.21 million, or about 0.3% of the class’s $1.08 billion whole.
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 payment entrance, SoSoValue lists XRP at 0.34%, XRPC at 0.50%, XRPZ at 0.19%, TOXR at 0.30%, and GXRP at 0.35%.
Class-level circulation information exhibits the group took in $4.19 million of web inflows on March 4, pushing cumulative web inflows to $1.26 billion. Buying and selling exercise additionally picked up yesterday: whole 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.
In the meantime, the circulation historical past paints a really front-loaded launch. From Nov. 13, 2025 by means of March 4, 2026, the class logged 62 classes with web inflows, versus six outflow classes (with one other six flat days).
The one largest creation day was Nov. 14 with $243.05 million of web inflows; the biggest redemption day got here a lot afterward 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 day by day web inflows fell sharply after that preliminary ramp (about $48.5 million/day over the primary ~20 classes versus ~$5.3 million/day in subsequent classes).
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. In contrast, the newest 4 weeks common single-digit hundreds of thousands per week, and there have been two net-outflow weeks general — with the worst week beginning Jan. 26 at about -$52.26 million.
Put in a different way, the “Bitwise is now the biggest” milestone is going on in a market that seems to have moved from launch-phase allocation to maintenance-phase churn, the place rankings can flip on marginal circulation variations and NAV strikes.
At press time, XRP traded at $1.42.
Featured picture created with DALL.E, chart from TradingView.com
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