Bitwise XRP ETF

Frequently Asked Questions About XRP

What does XRP invest in?

This exchange-traded fund (ETF) provides a passively managed pathway for investors to gain access to XRP. The valuation of the fund's underlying assets is determined by the CME CF XRP Dollar Reference Rate New York Variant, a USD-denominated benchmark that establishes the official XRP price daily at 4:00 PM Eastern Time. This reference rate is calculated by compiling executed trade data from prominent XRP trading platforms. Additionally, an Indicative Trust Value (ITV) per share, reflecting the CME XRP Real-Time Price, is disseminated every 15 seconds during standard market hours, from 9:30 AM to 4:00 PM ET. XRP can be employed for transactional purposes, such as purchasing goods and services, or converted into traditional fiat currencies. However, its fundamental purpose is to serve as a utility for transactions, rather than primarily as a store of value. The XRP Ledger and XRP are engineered to significantly boost the speed of transactions and reduce the costs and inefficiencies typically linked with conventional interbank payment systems.

What is the expense ratio of XRP?

Bitwise XRP ETF (XRP) charges an expense ratio of 0.34%. This is the annual fee deducted from fund assets to cover management and operations.

How big is XRP?

Bitwise XRP ETF (XRP) manages $516.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is XRP actively managed or an index fund?

XRP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was XRP launched?

Bitwise XRP ETF (XRP) launched in November 2025 and is managed by Bitwise.

How has XRP performed?

XRP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.