Altcoins News

Story: Bitwise’s XRP ETF Surges to $500M as Franklin Templeton’s XRPZ Gains $28.

By Pankaj K

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Franklin Templeton Pushes Hard, Canary Capital Loses Its Lead. The XRP ETF market isn't a one-horse race anymore. Franklin Templeton's XRPZ fund pulled in $28.

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XRP Price Drop Didn't Stop the Inflows. Here's what's strange about all of this. XRP's price has fallen sharply — 66% since 2026 is not a…

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Bitwise's XRP ETF crossed $500 million in assets under management on August 31. Nine months. That's all it took.

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The fund started trading on the NYSE on November 20, 2025, and it's been climbing ever since — even as XRP itself got hammered.

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Bitwise went to social media to mark the milestone, saying it was grateful for helping expand mainstream access to XRP. Short message, big number behind it.

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The XRP ETF market isn't a one-horse race anymore. Franklin Templeton's XRPZ fund pulled in $28.7 million in a single week, which is a pretty sharp move for a newer entrant.

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Canary Capital's XRPC is a different story. Earlier in the year, XRPC was the one sitting on the largest assets under management in the XRP ETF space. Not anymore.

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Grayscale's GXRP and 21Shares' TOXR are operating at a smaller scale. Both are part of the ecosystem, but neither is competing with Bitwise or Franklin Templeton for the top…

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The total assets across all XRP ETFs sit at roughly $1.53 billion. Bitwise alone holds about 364.8 million XRP.

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Related: Bitwise Moves $15.4 Million in XRP as Price Dips to $1.30

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Since mid-August, XRP hit a local low, and it's been that recent period where the fund's growth became particularly noticeable.

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It's worth stepping back for a second. XRP ETFs as a category are still pretty young. The fact that the whole sector has accumulated around $1.

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Five products. $1.53 billion combined. Nine months since Bitwise launched.

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Bitwise holding 364.8 million XRP makes it the single largest institutional holder of the token through an ETF structure, at least based on current data.

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Related: Grayscale Sees Massive Growth Potential for Zcash Amid $13.74 Billion Market Cap

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