TLDR
- Bitwise XRP ETF became the largest XRP exchange-traded fund in the United States after attracting $10 million in weekly inflows.
- The fund now manages 289 million dollars in net assets, surpassing Canary Capital’s $285.79 million.
- Bitwise achieved the top position less than four months after launching on November 21, 2025.
- Canary Capital launched its competing XRP ETF on November 13, 2025, and led the market for months before the shift.
- Five spot XRP ETFs in the United States have recorded 1.26 billion dollars in cumulative net inflows.
Bitwise Asset Management has moved to the top of the U.S. XRP exchange-traded fund market. The firm’s product now leads by assets under management after fresh weekly inflows. New data shows that steady demand pushed the fund past its closest rival.
XRP ETF Tops U.S. Market by Assets
The Bitwise fund, which trades under the ticker XRP on NYSE Arca, now holds $289 million in net assets. It moved ahead of the competing fund from Canary Capital, which reports $285.79 million in assets. The shift followed about $10 million in inflows during the current week.
Bitwise reached this position in less than four months after launching on November 21, 2025. Although Bitwise filed for a spot product earlier, Canary Capital launched its fund on November 13, 2025. As a result, Canary led the market for several months before the latest change.
Hunter Horsley, Chief Executive Officer of Bitwise Asset Management, confirmed the milestone on X. He stated that strong investor inflows this week drove the fund to the leading position. He also thanked investors for placing their capital with the firm.
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
Sustained inflows supported the recent gain, and they increased the fund’s total net assets. The weekly additions allowed Bitwise to close the previous gap with Canary. Consequently, the Bitwise product now ranks first among U.S. spot XRP funds.
Five XRP ETF Products Record $1.26B Inflows
Five spot XRP ETF products now operate in the United States market. Combined data shows that these funds have recorded $1.26 billion in cumulative net inflows. At the same time, total net assets across the group stand at $1.08 billion.
Data from SoSoValue indicates that the funds have posted consistent inflows since February 24. On the most recent trading day, the products added about $4.19 million. These additions increased their cumulative totals and strengthened overall asset levels.
At current market prices, the five funds collectively hold about 765.95 million XRP tokens. Bitwise and Canary rank first and second by assets under management. Franklin Templeton, 21Shares, and Grayscale Investments follow in third, fourth, and fifth positions.
Franklin Templeton reports $247 million in net assets tied to its XRP product. 21Shares manages about $179 million in net assets. Grayscale Investments oversees $78 million tied to its fund.
The updated rankings reflect the latest reported asset values for each issuer. Bitwise holds the top position after this week’s inflows raised its total to $289 million. The data reflects figures reported at the close of the latest trading session.
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