Bitwise XRP ETF Holdings Rise 14.18 Million XRP by Sept. 23
The fund held 401,416,018.02 XRP valued at $613.89 million, but the disclosures do not establish when or why the balance increased.
Bitwise XRP ETF holdings increased by 14,182,111.60 XRP between Sept. 21 and Sept. 23, expanding the fund’s direct exposure to the digital asset without establishing that the change came from open-market purchases.
The fund held 401,416,018.02 XRP valued at $613,889,530.52 as of Sept. 23. Its balance stood at 387,233,906.42 XRP valued at $615,152,039.06 on Sept. 21.
The two disclosures do not state when the increase occurred or identify its purpose. Fund balances can change through share creations, redemptions, fees and other operations, so a higher XRP balance alone does not demonstrate discretionary buying.
Bitwise XRP ETF listed XRP at 100% of portfolio weight in both disclosures. The fund’s net asset value was $16.72 and its market price was $16.71 on Sept. 22.
The fund launched Nov. 19, 2025, and carries a 0.34% expense ratio. Its shares trade on NYSE Arca under the ticker XRP. XRP is the fund’s sole asset, held directly rather than through derivatives, and Coinbase Custody Trust Company LLC serves as custodian.
The fund calculates its net asset value using the CME CF XRP-Dollar Reference Rate—New York Variant at 4 p.m. ET (8 p.m. UTC). The valuation method provides a standardized reference price for calculating the fund’s daily net asset value.
