Hunter Horsley, CEO of Bitwise, said the company’s XRP spot ETF has risen to number one in the US market, outpacing its competitors on assets as the category’s liquidity and asset base continues to expand.
“The Bitwise XRP ETF (ticker:
The Bitwise XRP ETF (ticker $XRP ) is now the largest XRP ETF in America.
$10,000,000 in entries so far this week.
Grateful to the investors who trust us @Bitwise to manage their assets.
Ahead –
– Hunter Horsley (@HHorsley) March 4, 2026
XRP ETF Market: By the Numbers
SoSoValue’s US XRP Spot ETF dashboard shows the Bitwise fund at $289.00 million in net assets. This puts it just ahead of Canary XRPC at $285.79 million, a gap of about $3.21 million, or about 0.3% of the category’s $1.08 billion total.
The rest of the peloton is one level below the leaders. Franklin’s On the fee side, 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 flow data shows the group recorded $4.19 million in net inflows on March 4, bringing cumulative net inflows to $1.26 billion. Trading activity also accelerated yesterday: total trade value reached $56.03 million during this session, while overall net assets reached $1.0796 billion, or approximately 1.21% of XRP’s market capitalization.
Meanwhile, the flow history depicts a very early launch. From November 13, 2025 to March 4, 2026, the category recorded 62 sessions with net entries, compared to six sessions with exits (with six additional fixed days).
The largest creation day was November 14 with $243.05 million in net inflows; the biggest buyback day came much later, on January 29, when the group posted -$92.92 million.
This early surge is important because it still dominates the tape: approximately 77% of the cumulative $1.26 billion in net inflows to your record came in the first four weeks after inception, and average daily net inflows fell sharply after this initial ramp (approximately $48.5 million/day in the first ~20 sessions versus ~$5.3 million/day in subsequent sessions).
The weekly aggregates tell the same story: The front month repeatedly printed nine-figure weeks, including the strongest week beginning November 24 with a net inflow of approximately $243.95 million. In contrast, the most recent four weeks have averaged in the single digits per week, and there have been a total of two weeks of net outflows – with the worst week starting January 26 at around -$52.26 million.
In other words, the “Bitwise is now most important” stage occurs in a market that appears to have moved from the allocation phase of the launch phase to the churn phase of the maintenance phase, where rankings can flip 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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