Key Takeaways
- • Bitwise's spot XRP ETF holds $561 million, more than a third of the $1.52 billion held across the five U.S. XRP funds tracked by Maketo as of October 15, 2026, and leads second-place Franklin Templeton by $159 million.
- • Total U.S. XRP ETF assets peaked at $1.77 billion on September 25, 2026 and are about 14% below that high, with growth stalling in recent weeks.
- • Net flows turned negative on October 16, with SoSoValue reporting a $2.47 million outflow that left funds at $1.47 billion.
- • XRP traded near $1.30, down 2.16% over 24 hours, and sits about 64% below its $3.65 all-time high from July 2025 according to 24/7 Wall St.
- • A reported BlackRock XRP fund remains unconfirmed: BlackRock has never filed for one, and no SEC filing has been found.
Summary
Bitwise now leads the U.S. spot XRP ETF market with $561 million in assets, according to Maketo's ETF tracker, which follows five funds holding $1.52 billion together, or about 1.14 billion coins, as of October 15, 2026. Bitwise's 37% share is above one-third, and the top three issuers hold about 85% of total assets. Maketo puts the five funds at roughly 1.8% of XRP's circulating supply of 63.12 billion coins, and at about 1.2% of the assets across the U.S. crypto ETFs it tracks.
Total assets have been volatile. Maketo's month-end readings run from $688 million on November 28, 2025, the first fund's launch month, to $1.24 billion at year-end 2025, $944 million at June 30, 2026, $1.45 billion at August 31, $1.68 billion at September 30, and $1.52 billion on October 15. The total grew about 78% from late June to late September and peaked at $1.77 billion on September 25. Maketo values holdings at daily closing prices, so the dollar totals move with the market even when no money flows in or out. Over the last month, assets rose $134 million (9.6%), of which about $91 million came from new money. SoSoValue data shows a net outflow of $2.47 million on October 16, when funds held $1.47 billion. The largest recent daily inflows, about $15 million and $22 million, occurred in late September.
Bitwise launched its XRP fund on the NYSE in November 2025 under the ticker XRP, with a 0.34% annual fee. According to its SEC filing dated September 18, 2026, the fund holds coins with a custodian and values them using a reference rate built from trades on major platforms. The company said the fund passed $500 million in assets nine months after launch and that it had launched an earlier XRP product in Europe in 2022. At $561 million, the fee implies roughly $1.9 million a year before any waivers, by the article's own calculation.
Price action has lagged fund growth. XRP traded near $1.30 on October 17, 2026, down 2.16% over 24 hours from about $1.35, with a low near $1.29 around midnight. Market cap was $82.34 billion and 24-hour volume was $1.71 billion, down 29.74%, according to CoinMarketCap.
A social media post from XRP Alerts claimed BlackRock is considering an XRP fund. The article reports that 24/7 Wall St. found BlackRock has never filed for one, and that BlackRock's head of digital assets has said client demand is the top factor for any crypto fund launch. Canary Capital's CEO guessed in January that a filing could come by late 2026 or early 2027, but BlackRock has confirmed no timeline. BlackRock accepts Ripple's RLUSD stablecoin as collateral for a tokenized fund, which is a separate asset. The article's search found no confirmed filing. Canary's CEO reportedly suggested fund assets need to reach roughly $3 billion before BlackRock's case strengthens, while current assets are about halfway there.
Total assets have been volatile. Maketo's month-end readings run from $688 million on November 28, 2025, the first fund's launch month, to $1.24 billion at year-end 2025, $944 million at June 30, 2026, $1.45 billion at August 31, $1.68 billion at September 30, and $1.52 billion on October 15. The total grew about 78% from late June to late September and peaked at $1.77 billion on September 25. Maketo values holdings at daily closing prices, so the dollar totals move with the market even when no money flows in or out. Over the last month, assets rose $134 million (9.6%), of which about $91 million came from new money. SoSoValue data shows a net outflow of $2.47 million on October 16, when funds held $1.47 billion. The largest recent daily inflows, about $15 million and $22 million, occurred in late September.
Bitwise launched its XRP fund on the NYSE in November 2025 under the ticker XRP, with a 0.34% annual fee. According to its SEC filing dated September 18, 2026, the fund holds coins with a custodian and values them using a reference rate built from trades on major platforms. The company said the fund passed $500 million in assets nine months after launch and that it had launched an earlier XRP product in Europe in 2022. At $561 million, the fee implies roughly $1.9 million a year before any waivers, by the article's own calculation.
Price action has lagged fund growth. XRP traded near $1.30 on October 17, 2026, down 2.16% over 24 hours from about $1.35, with a low near $1.29 around midnight. Market cap was $82.34 billion and 24-hour volume was $1.71 billion, down 29.74%, according to CoinMarketCap.
A social media post from XRP Alerts claimed BlackRock is considering an XRP fund. The article reports that 24/7 Wall St. found BlackRock has never filed for one, and that BlackRock's head of digital assets has said client demand is the top factor for any crypto fund launch. Canary Capital's CEO guessed in January that a filing could come by late 2026 or early 2027, but BlackRock has confirmed no timeline. BlackRock accepts Ripple's RLUSD stablecoin as collateral for a tokenized fund, which is a separate asset. The article's search found no confirmed filing. Canary's CEO reportedly suggested fund assets need to reach roughly $3 billion before BlackRock's case strengthens, while current assets are about halfway there.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.