Bitwise XRP ETF 3Q 2026: Net income $137.76M — 10-Q Summary
Bitwise XRP ETF reported net assets grew from $299.1M to $614.9M in Q3 2026, driven by XRP's price increase. Net income was $137.76M, with gains offset by sponsor fees. The fund held 413.1M XRP, valued at $616.1M, and saw 150.2M XRP created and 2.42M shares redeemed.
How this was made
The 30-second read
Why it matters
Net income and net asset growth are attributed mainly to XRP appreciation, with sponsor fees partially offsetting gains. This is informative for positioning in XRP-linked ETF exposure but not a direct XRP fundamental catalyst.
Market read
Traders can use the reported ETF asset growth and quarterly creation/redemption activity as a sentiment and positioning input for XRP exposure, but the article lacks new XRP-specific catalysts.
What to watch
Creations and redemptions are reported in share terms, but the article does not quantify net inflow/outflow in dollars beyond net asset change, limiting inference about sustained spot demand.
Background
The piece summarizes a Bitwise XRP ETF Form 10-Q, focusing on net assets, XRP holdings, and quarterly creations/redemptions.
Ticker impact
The Bitwise XRP ETF 10-Q summary reports XRP net assets rising to $614.9M and XRP appreciation driving the quarter’s results.
Likely mild upward bias for XRP as the market prices in stronger ETF asset growth and realized/unrealized gains.
The article provides fund-level performance drivers (XRP price appreciation, creations, and sponsor fee) but does not indicate new XRP protocol, regulation, or adoption catalysts.
Market effects
Adds incremental data on crypto ETF performance mechanics (creations/redemptions, sponsor fee drag) rather than changing the broader crypto ETF sector outlook.
No direct regional market linkage beyond US-listed ETF reporting.
Limited global relevance; it is a US SEC filing summary tied to XRP price and ETF flows.
Counterpoint
Because the gains are primarily driven by XRP price appreciation and mark-to-market effects, the filing may not signal durable demand for XRP.
Key entities
- fundBitwise XRP ETF
The trust whose 10-Q is summarized, including net assets, XRP holdings, and quarterly creations/redemptions.
- cryptoXRP
The underlying asset whose appreciation is cited as the primary driver of the trust’s net asset increase.
