Bitwise XRP ETF Becomes Largest in U.S. After $10M Weekly Inflows

The Bitwise XRP ETF (XRP) has reached a major milestone, becoming the largest XRP exchange-traded fund in the United States. 

Hunter Horsley, CEO of Bitwise Asset Management, announced the achievement in a post on X, emphasizing that strong inflows from investors this week drove the fund to the top position.

Key Points 

• The Bitwise XRP ETF has become the largest XRP ETF in the U.S., overtaking a similar fund from Canary Capital.
• Bitwise’s fund now manages $289 million in net assets, slightly ahead of Canary’s $285 million.
• The shift occurred after the Bitwise product attracted around $10 million in inflows this week. 
• Currently, the five XRP spot ETFs collectively boast $1.26 billion in cumulative inflows and $1.08 billion in total assets under management.

Biggest XRP ETF in the US 

Currently trading on NYSE Arca under the ticker XRP, the Bitwise fund climbed to the top spot after attracting $10 million in inflows this week alone. Notably, Bitwise achieved this milestone in less than four months, as the ETF began trading on November 21, 2025.

Although Bitwise was the first firm to file for a spot XRP ETF, it was not the first to launch. Canary Capital introduced its competing product on November 13, 2025, one week before Bitwise entered the market. 

As the first to launch, Canary’s XRP ETF led the market in assets under management (AUM) for months and held the title of the largest XRP ETF in the U.S. 

Bitwise’s XRP ETF Outpaces Canary’s 

However, sustained demand for the Bitwise product shifted the balance. This week’s $10 million inflow pushed its total net assets to approximately $289 million, narrowly surpassing Canary’s $285.79 million. 

Consequently, Bitwise now leads the U.S. XRP ETF market, underscoring rising investor demand and intensifying competition among crypto-focused ETFs. Reacting, Horsley expressed gratitude to investors for entrusting their capital to Bitwise. 

The Bitwise XRP ETF (ticker $XRP ) is now the largest XRP ETF in America.

$10,000,000 inflows so far this week.

Grateful to investors entrusting @Bitwise to steward their assets.

Onward — https://t.co/b9OENfcreD

— Hunter Horsley (@HHorsley) March 4, 2026

Consistent Inflows Into XRP ETFs

Meanwhile, demand for XRP ETFs continues to accelerate. Data from SoSoValue shows that these funds have recorded consistent inflows since February 24. Yesterday, they added approximately $4.19 million in a single day, pushing cumulative net inflows to $1.26 billion.

Additionally, total net assets across the five XRP ETFs now stand at $1.08 billion. At current prices, the funds collectively hold about 765.95 million XRP. 

While Bitwise Asset Management and Canary Capital rank first and second by AUM, Franklin Templeton, 21Shares, and Grayscale Investments rank third, fourth, and fifth, respectively. Specifically, Franklin holds $247 million in net assets, 21Shares manages $179 million, and Grayscale oversees $78 million.