Bitwise CEO Hunter Horsley says the company’s XRP ETF has moved to the top of the U.S. market, beating out asset rivals as the category’s liquidity and asset base expands.
“Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in the US. $10,000,000 inflows so far this week. Thank you to investors who trust Bitwise to manage their assets,” Horsley said at X.
Bitwise XRP ETF (ticker $XRP ) is now the largest XRP ETF in America.
$10,000,000 in revenue so far this week.
Thanks to the investors who believe @Bitwise to manage their assets.
Next – https://t.co/b9OENfcreD
— Hunter Horsley (@HHorsley) March 4, 2026
The XRP ETF Market: By the Numbers
US XRP ETF dashboard SoSoValue shows the Bitwise fund has $289.00 million in net assets. That puts it just ahead of XRPC Canary at $285.79 million, a difference of about $3.21 million or about 0.3% of the category’s total of $1.08 billion.
The rest of the pack is one step below the leaders. Franklin’s XRPZ shows $247.27M in net assets, 21Shares TOXR has $179.34M and Grayscale’s GXRP has $78.18M. On the payment front, SoSoValue lists XRP at 0.34%, XRPC at 0.50%, XRPZ at 0.19%, TOXR at 0.30% and GXRP at 0.35%.
Category-level data shows the group earned $4.19 million in net revenue on March 4, bringing its cumulative net revenue to $1.26 billion. Trading activity also increased yesterday: the total value of trades in that session was $56.03 million, while total net assets increased to $1.0796 billion – about 1.21% of XRP’s market capitalization.
Meanwhile, the stream’s history paints a very eventful start. From November 13, 2025 to March 4, 2026, the category recorded 62 sessions with net inflows, compared to six outflow sessions (with six remaining days).
The single biggest opening day was November 14 with $243.05 million in net income; The biggest redemption day came much later on January 29, when the group Chip – $92.92 million.
This early rise is important because it still dominates the feed: about 77% of the $1.26 billion in net income on your file came in the first four weeks after launch, and the average daily income dropped sharply after that initial pace (about $48.5 million per day during the first ~20 sessions compared to $5.3 million per day).
The weekly aggregates tell the same story: The first month posted back-to-back nine-figure weeks, including a strong week of Nov. 24 at an estimated $243.95 million in net income. In contrast, the past four weeks have averaged single-digit millions per week and two total withdrawal weeks – the worst week starting on January 26th was around -$52.26 million.
In other words, the “Bitwise is the biggest now” phase occurs in a market that appears to have moved from a start-up phase split to a hold-up phase where ratings can change based on marginal flow differences and NAV movements.
At press time, XRP was trading at $1.42.
Featured image created with DALL.E, chart from TradingView.com
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