Bitwise Launches XRP ETF with $500M+ Holdings
Bitwise's new XRP ETF holds over $500 million in assets, marking a significant move in the cryptocurrency ETF space.
Bitwise's new XRP ETF holds over $500 million in assets, marking a significant move in the cryptocurrency ETF space. XRP (XRP) is trading at $1.29. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Sat, 17 Oct 2026 18:15:02 UTC.
This development highlights growing institutional interest in XRP and could influence market dynamics by providing new investment vehicles for XRP exposure.
- Bitwise's XRP ETF holds over $500 million in assets.
- The fund establishes Bitwise as a major player in XRP investment products.
- XRP price remains near $1.29 despite the ETF news.
Bitwise has launched an 
XRP exchange-traded fund (ETF) with holdings valued at over $500 million, according to U.Today. This move establishes Bitwise as a significant player in the cryptocurrency ETF space, particularly for XRP investment products.
The new ETF adds to the existing range of investment vehicles for XRP, which has seen increased institutional interest in recent months. The fund's substantial holdings underscore the growing demand for diversified cryptocurrency investment options.
Despite the news, XRP's price has not shown a significant reaction, currently trading at $1.29, down 1.13% in the past 24 hours. This suggests that the market may have already priced in expectations of increased institutional involvement in XRP.
The total cryptocurrency market cap remains around $2.79 trillion, with 
Bitcoin showing a slight decline of 0.18% over the past day. The overall market sentiment, as indicated by the Fear & Greed Index, is at 55, indicating a 'Greed' level.
The development could pave the way for more institutional investment in XRP, potentially leading to increased liquidity and price stability. Investors will be watching for further announcements from Bitwise and other financial institutions regarding cryptocurrency ETFs.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.29 to $1.29 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,759.97 (about $1.29), down 0.5% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitwise Launches XRP ETF with $500M+ Holdings — questions & answers
What is the value of Bitwise's XRP ETF holdings?
The ETF holds over $500 million in XRP.
How has the XRP price reacted to the ETF news?
XRP is down 1.13% in the past 24 hours, currently trading at $1.29.
What impact might this ETF have on the XRP market?
The ETF could attract more institutional investors, potentially increasing XRP's liquidity and price stability.
How much is 1 XRP worth in naira today?
About ₦1,759.97 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.29. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.