Which XRP ETF Is the Biggest? One Fund Holds More Than a Third of the Money.
Bitwise XRP ETF (NYSE: XRP) holds $561M, 37% of total $1.53B in US spot XRP ETFs, per SoSoValue. XRP (CRYPTO: XRP) trades at $1.31, down 7.1% weekly but up 30.3% over two months. Franklin XRP ETF offers the lowest fee at 0.19%.
How this was made
The 30-second read
Why it matters
Bitwise's lead in assets may influence investor allocation decisions within the XRP ETF space.
Market read
Provides the first disclosed ranking of XRP ETF sizes, useful for crypto‑focused investors.
What to watch
Potential regulatory changes to crypto ETFs could quickly alter fund rankings regardless of current size.
Background
The article compares five U.S. spot XRP ETFs, focusing on assets under management, fees, and liquidity.
Ticker impact
Bitwise XRP ETF holds about 37% of total US spot XRP ETF assets, making it the largest fund in the space.
potential modest upside for XRP as investors favor the largest, more liquid fund, though fee drag may temper gains
Large fund size signals market confidence and better liquidity, which can boost the underlying crypto, but higher expense ratio reduces net returns.
Market effects
Highlights concentration risk in the emerging XRP ETF sector, may prompt scrutiny of fee structures.
U.S. investors may prefer the larger Bitwise fund, modestly affecting domestic crypto exposure.
Limited to XRP and its ETF market; no broader market impact.
Counterpoint
Investors might avoid the largest fund due to its higher expense ratio, favoring lower-fee alternatives like Franklin's XRPZ.
Key entities
- ETF ProviderBitwise
Issuer of the largest XRP spot ETF (ticker XRP).
- ETF ProviderFranklin
Issuer of the lowest-fee XRP spot ETF (ticker XRPZ).
