Bitwise XRP ETF Becomes Largest in US Market

Edgen Crypto

·Mar 05 2026, 18:25

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Key Takeaways

Bitwise's spot XRP exchange-traded fund has secured the leading position in the United States based on assets under management, according to its CEO. The development highlights the expanding asset base for crypto ETFs and intense competition among issuers.

Market Leadership: The Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in the US, as announced by CEO Hunter Horsley on March 5, 2026.
Competitive Landscape: This shift displaces rivals and establishes Bitwise as a dominant player in the expanding crypto ETF category.
Investor Signal: The growth in assets points to strong institutional demand for XRP exposure, potentially driving further inflows and influencing the digital asset's price.

Bitwise Claims Top Spot in US XRP ETF Market

Bitwise has secured the leading position in the competitive US spot XRP exchange-traded fund market. In a statement on March 5, 2026, CEO Hunter Horsley announced that the Bitwise XRP ETF, trading under the ticker XRP, is now the largest in America based on total assets. This milestone marks a significant shift in the landscape for cryptocurrency investment products as the category's liquidity and asset base continue to expand.

Asset Growth Signals Strong Institutional Demand

The fund's ascent underscores growing institutional confidence and investment in XRP through regulated financial products. By becoming the largest provider, Bitwise not only attracts greater liquidity but also applies significant competitive pressure on other ETF issuers. For investors, this leadership can be interpreted as a strong signal of institutional adoption, which could fuel further inflows into the fund and positively impact the underlying value of XRP.