The Bitwise XRP exchange-traded fund (ETF) has become the largest of its kind in the United States, reflecting accelerating institutional demand for regulated exposure to the digital asset. According to data shared by Bitwise CEO Hunter Horsley on March 4, 2026, the Bitwise XRP ETF (ticker: $XRP) recorded approximately $10 million in inflows during the week, propelling it to the top spot among seven XRP ETFs currently trading in the U.S.
Market Data and Scale of XRP ETFs
Total assets under management across all XRP ETFs have reached around $1.127 billion, with approximately 810.15 million XRP held in ETF vaults—representing about 0.8102% of XRP's total circulating supply of 100 billion tokens. Daily trading volume across the funds totaled roughly $52.08 million, led by Bitwise at $21.10 million, followed by Franklin Templeton ($10.73 million), 21shares ($9.29 million), Grayscale ($5.87 million), Canary Capital ($4.46 million), and Rex-Osprey ($631,360). Weekly net flows increased by about 13.39 million XRP (valued at $19.15 million).
Institutional Demand Driving Growth
The surge in XRP ETF adoption mirrors a broader trend of institutional capital shifting toward regulated cryptocurrency investment vehicles. Spot ETFs allow investors to gain exposure to XRP without directly holding the token, a structure that has proven popular among traditional finance players seeking compliant entry points into crypto markets. Bitwise's CEO Hunter Horsley expressed gratitude to investors for entrusting the firm, noting that the inflows underscore confidence in Bitwise's management capabilities.
Since U.S. regulatory clarity improved in late 2025, multiple issuers have launched XRP ETFs. Bitwise's first-mover advantage and strong capital inflows have quickly vaulted it to market leadership. Analysts say the steady accumulation of XRP through ETFs could reduce circulating supply over time, potentially supporting price stability. However, they caution that ETF redemptions during market downturns may amplify volatility.
At press time, XRP trades near $2.60, up 1.5% in the past 24 hours. The positive momentum is also supported by political signals from the Trump administration pushing for crypto-friendly legislation, with Ripple CEO Brad Garlinghouse welcoming such moves. Still, investors should remain mindful of macroeconomic headwinds and the evolving regulatory landscape.