Bitwise delivered a notable debut for its spot XRP ETF, setting a clear marker for what may follow in this segment of the market.
Bitwise shared data on X, proving that interest in regulated XRP products is accelerating. The early numbers from Bitwise gained immediate attention from market participants.
A Strong Debut
Bitwise released figures that show solid activity on day one. The firm reported three key figures as the fund recorded $25.7 million in trading volume. Bitwise also stated that the fund reached $107.6 million in assets under management, representing strong demand during the launch.
The firm reminded investors that its 0.34% management fee, which is the lowest on the market, will remain in effect. It also noted that the fee cost is set at 0% for the first month on the first $500 million in assets.
The Bitwise XRP ETF $XRP Day 1 EOD Report
– $25.7 million in trading volume
– $107.6 million in AUM
– 0.34% management fee, with the fee set at 0% for the first month on the first $500M in assets*Let's Go!
— Bitwise (@BitwiseInvest) November 21, 2025
Positioning Within a Growing Field
Bitwise’s XRP ETF has joined a rapidly growing list of similar products taking over the market. Rex Osprey entered earlier with its XRPR product. Canary Capital joined with XRPC and attracted strong flows at launch.
These products symbolize a foundation for investors demanding XRP exposure in a format that aligns with traditional brokerage platforms. Their activity helped prepare the market for additional entrants, and Bitwise stepped into an environment that already held a consistent base of interest.
Bitwise now sits beside these firms and brings its own scale and distribution network to the segment. Its debut numbers show immediate traction. Activity in the existing ETFs helped validate demand, and Bitwise now adds a product with strong first-day data.
More Issuers Prepare to Enter
Several firms continue to pursue their own XRP ETFs. Franklin Templeton has moved forward with its registration and is preparing for launch. CoinShares, Grayscale, and other notable firms are also preparing to launch their XRP ETFs over the next few days.
Bitwise produced a firm start with strong volume and a solid asset base. This launch now provides another concrete example of what a successful first session looks like in this stage of the market.
This first day gives Bitwise a strong position as more issuers prepare to join the market. The early results establish a foundation for continued activity. It shows that institutional demand for XRP is stronger than ever.