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XRP

Bitwise XRP ETF

The Bitwise XRP ETF offers exposure to XRP, one of the world’s largest and longest-running crypto assets. XRP is the native token of the XRP Ledger, an enterprise-focused blockchain built for efficient payments, exchange, and tokenization.

The Bitwise XRP ETF (“XRP”) is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and therefore is not subject to the same protections as mutual funds or ETFs registered under the 1940 Act. XRP is not suitable for all investors. XRP is subject to significant risk and heightened volatility, and an investor may lose their entire investment. An investment in the Bitwise XRP ETF is not the same as a direct investment in the XRP token.

Exposure to XRP

The XRP Ledger is designed to modernize large institutional markets ranging from cross-border payments to tokenized real-world assets—and has a 13-year track record to back it up.

A Straightforward
Way To Invest

Gain exposure to XRP’s potential through the popular and cost-efficient ETP format—easily accessible in a brokerage account.

Managed by
Crypto Specialists

Bitwise’s nationwide team of more than 125 crypto specialists helps investors understand the latest developments across XRP and crypto through cutting-edge research and timely insights.

Holdings

Data as of 11/27/2025

Name
XRP in Trust
Market Value
XRP per Share
Weight(%)
Name
XRPXRP
XRP in Trust
81,847,253.13
Market Value
$178,778,136.56
XRP per Share
11.196615
Weight(%)
100%

Holdings are subject to change. Current and future holdings are subject to risk.

Net Asset Value (NAV) and Market Price

Data as of 11/25/2025

NAV: $24.46
Market Price: $24.98
NAV Change: $0.39 / 1.59%
Market Price Change: $0.37 / 1.50%
Median Bid-Ask Spread (30-Day): 0.20%
To

30 Day Median Bid-Ask Spread: The spread is calculated from (i) sampling the ETF's NBBO as of the end of each 10-second interval during each trading day of the last 30 calendar days; (ii) dividing the difference between each such bid and offer by the midpoint of the NBBO; and (iii) identifying the median of those values.

Performance History

Data as of Invalid Date

Ticker
1-Month
3-Month
YTD
1-Year
3-Year
5-Year
Since Inception (Annualized)
Since Inception (Cumulative)
NAV
Market Price

Performance data quoted represents past performance and is no guarantee of future results. Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of one year or less are not annualized. For the most recent month-end performance, please call 1-415-707-3663.
 
Performance of one year or less is not annualized. NAV performance is calculated based on the official closing values as of 4:00 p.m. ET. Market Price performance reflects the midpoint of the bid-ask spread as of 4:00 p.m. ET, and does not represent the returns an investor would receive if shares were traded at other times. Fund returns are calculated net of expenses.

Premium / Discount

Data as of 11/25/2025

NAV
Market Price
Difference
Premium/ Discount
$24.46
$24.98
$0.11
0.43%
Q4 2025
2025
Days Traded at NAV
Q4 20250
20250
Days Traded at Premium
Q4 20254
20254
Days Traded at Discount
Q4 20251
20251

About XRP

Fund Details

Data as of 11/27/2025

Ticker

XRP

Net Assets (AUM)

$178,778,137

Administrator

Bank of New York Mellon

Fund Type

ETP

Daily Volume (Shares)

623,214

Marketing Agent

Foreside Fund Services, LLC

CUSIP

09174F107

Net Expense Ratio*

0.00%

Legal Counsel

Chapman and Cutler, LLP

ISIN

US09174F1075

Gross Expense Ratio*

0.34%

Auditor

KMPG

Exchange

NYSE Arca

Inception Date

November 19, 2025

Trust Custodian

Bank of New York Mellon

Shares Outstanding

7,310,000

Sponsor

Bitwise Investment Advisers, LLC

Digital Asset Custodian

Coinbase Custody Trust Co., LLC

* For a period of one month commencing on the day the Shares are initially listed on the Exchange, the Sponsor has agreed to waive the entire Sponsor Fee on the first $500 million of Trust assets. After that time, the Sponsor’s Fee will be 0.34%. Brokerage and commission costs may apply.

Fund Materials

pdf

Fact Sheet

View
pdf

Prospectus

View
link

Press Release

View
link

SEC Filings

View
pdf

Bitwise Regional Contacts

View

Frequently Asked Questions

Learn more about XRP today.

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