Sign in

XRP on NYSE

Bitwise XRP ETF

Bitwise XRP ETF is an American commodity contracts brokers and dealers company based in San Francisco.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerXRP on NYSE2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersSan Francisco, United States2
  • Incorporated inDE3
  • Business address250 Montgomery Street, Suite 200, San Francisco, Ca 941043
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
  • Legal formStatutory Trust2
  • Kind of organizationTrust2
  • LEI529900ZSHD27L8L951922
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC Delaware Trust Company,251 Little Falls Drive, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 53261472

See how the biggest companies compare on our leaderboards

The Bitwise XRP ETF (the “Trust”) is an exchange-traded product that issues common shares of beneficial interest (“Shares”) that are listed on NYSE Arca, Inc. (the “Exchange”) under the ticker symbol “XRP.” The Trust’s investment objective is to seek to provide exposure to the value of XRP held by the Trust, less the expenses of the Trust’s operations and other liabilities. In seeking to achieve its investment objective, the Trust will hold XRP and establish its net asset value (“NAV”) by reference to the CME CF XRP – Dollar Reference Rate – New York Variant (“Pricing Benchmark”). The Trust is sponsored and managed by Bitwise Investment Advisers, LLC (the “Sponsor”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.7

Period ending2025-12-312025-11-30
Investment in XRP, at fair value (cost $268,934)$239.8M$0
Receivable for creations$1.6M
Total assets$241.4M
Sponsor Fee payable$25.0K
Total liabilities$25.0K
Net Assets$241.4M$0
Shares issued11.8M shares
Shares outstanding11.8M shares
Principal Market NAV per share$20.46$22.77
Investment in XRP, at cost$265.7M
Common stock, no par value$0

Compare Bitwise XRP ETF with another company

What it owns

What Bitwise XRP ETF reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The Trust is a passive entity with no operations, and the Sponsor administers and manages the Trust as described under “Item 1. Business—Description of the Trust Agreement.” The principal office of the Sponsor is located at 250 Montgomery Street, Suite 200, San Francisco, CA 94104. The lease expires on March 1, 2027.

Item 2 of the 10-K filed Mar 20, 2026.4

Timeline

  1. Sep 30, 2024Founded Bitwise XRP ETF is founded2

Filings

19 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 16 other. The latest 19:

  1. Sep 28, 2026EFFECT EDGAR
  2. Sep 28, 2026424B3 PROSPECTUS EDGAR
  3. Sep 18, 2026POS AM POST-EFFECTIVE AMENDMENT NO. 2 TO FORM S-1 EDGAR
  4. Aug 12, 202610-Q EDGAR
  5. May 8, 202610-Q EDGAR
  6. Mar 27, 2026424I EDGAR
  7. Mar 20, 202610-K EDGAR
  8. Nov 20, 2025424B3 PROSPECTUS EDGAR
  9. Nov 20, 2025POS EX POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 EDGAR
  10. Nov 19, 20258-A12B FOR REGISTRATION OF CERTAIN CLASSES EDGAR
  11. Nov 19, 2025CERT NYSE ARCA CERTIFICATION EDGAR
  12. Oct 31, 2025S-1/A AMENDMENT NO. 4 TO FORM S-1 EDGAR
  13. Oct 10, 2025CORRESP EDGAR
  14. Oct 10, 2025S-1/A AMENDMENT NO. 3 TO FORM S-1 EDGAR
  15. Sep 18, 2025UPLOAD EDGAR
  16. Aug 22, 2025S-1/A AMENDMENT NO. 2 TO FORM S-1 EDGAR
  17. Oct 30, 2024UPLOAD EDGAR
  18. Oct 16, 2024S-1/A AMENDMENT NO. 1 TO FORM S-1 EDGAR
  19. Oct 2, 2024S-1 REGISTRATION STATEMENT EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 68. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Goldman Sachs Group Inc2,208,949$25.8M0.0%New
Jane Street Group, LLC1,205,067$14.1M0.0%+1,184,409
IronBridge Private Wealth, LLC522,961$6.1M2.0%+413,435
Millennium Management LLC495,856$5.8M0.0%No change
Marex Group Ltd375,517$4.4M0.0%+89,496
Kaleidoscope Capital LP211,158$2.5M0.9%No change
Wolverine Asset Management LLC199,912$2.3M0.1%+122,908
Envestnet Asset Management Inc186,346$2.2M0.0%New
Refined Wealth Management153,726$1.8M1.1%+5,123
Sloy Dahl & Holst, LLC86,291$1.0M0.1%No change
Susquehanna International Group, Llp53,116$619.3K0.0%+1,246
Sovran Advisors, LLC47,295$559.5K0.0%+13,326
Militia Capital Management LLC35,320$411.8K0.1%−60,140
Beacon Pointe Advisors, LLC34,692$404.5K0.0%−866
Stifel Financial Corp31,967$372.7K0.0%+19,512
IMC-Chicago, LLC28,237$329.2K0.0%+15,037
HighTower Advisors, LLC26,597$310.1K0.0%+4,763
Graetz Wealth LLC24,398$284.5K0.2%+4,277
Keel Point, LLC19,443$226.7K0.0%+2,044
FSA Advisors, Inc.18,196$212.2K0.1%+6,980
RFG Advisory, LLC17,284$201.5K0.0%+5,376
Kovack Advisors, Inc.15,342$181.6K0.0%+3,835
Cetera Investment Advisers12,550$146.3K0.0%−29,451
Commonwealth Equity Services, LLC12,550$146.3K0.0%−1,238
Clearstead Advisors, LLC12,000$139.9K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Bitwise XRP ETF is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBitwise XRP ETF1
  • CIK0002039525
  • Employer ID (EIN)39-69045274
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address250 Montgomery Street, Suite 200, San Francisco, CA 941041
  • Phone415-707-36631
  • Shares outstanding26,560,000 as of Aug 9, 20266
  • Public float$0 as of Dec 31, 20257
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceOct 2, 20241
  • Filings19 in all: S-1/A (4), 10-Q (2), 424B3 (2), UPLOAD (2), 10-K (1), 424I (1), 8-A12B (1), CERT (1)1
    All 13 form types

    CORRESP (1), EFFECT (1), POS AM (1), POS EX (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Bitwise XRP ETFXRPNYSE Arca, Inc.

From the cover page of the 10-K filed Mar 20, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Bitwise XRP ETF names in Item 1A of its 10-K filed Mar 20, 2026: 76 risks under these headings, as written.4

  • Risks Related to Digital Assets
  • A determination that XRP or any other digital asset is offered or sold as a “security” may adversely affect the price of XRP and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Trust.
  • The trading prices of many digital assets, including XRP, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading price of XRP, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
  • Digital assets, including XRP, are subject to a number of risks related to the digital asset ecosystem.
  • Many digital assets, including XRP, were only introduced within the past decade, and the medium-to-long-term value of the Shares is subject to a number of factors relating to the capabilities and development of blockchain technologies and to the fundamental investment characteristics of digital assets.
  • Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of XRP.
  • Recent developments in the digital asset economy have led to extreme volatility and disruption in digital asset markets, a loss of confidence in participants of the digital asset ecosystem, significant negative publicity surrounding digital assets broadly and market-wide declines in liquidity.
  • Blockchains utilizing consensus-based algorithms, such as the XRP Ledger, are a relatively recent innovation, and have not been subject to as widespread use or adoption over as long of a period of time as traditional proof-of-work blockchains.
  • Risks Associated with XRP and the XRP Ledger
  • The value of the Shares relates directly to the price of XRP, which may be highly volatile and subject to fluctuations due to a number of factors.
  • XRP is a relatively new technological innovation with a limited operating history.
  • Mathematical or technological advances could undermine the XRP Ledger’s consensus mechanism.
The other 66 risks
  • A decline in the adoption of XRP or the XRP Ledger could negatively impact the Trust.
  • The fixed supply of XRP may negatively impact the operation of the XRP Ledger.
  • The significant holdings of XRP by Ripple Labs and other early stakeholders could have an adverse effect on the market price of XRP.
  • Competition from other consortia or private blockchains could have a negative impact on the price of XRP and adversely affect an investment in the Shares.
  • Any name change and any associated rebranding initiative may not be favorably received by the digital asset community, which could negatively impact the price of XRP and the value of the Shares.
  • The Trust will not directly or indirectly participate in any staking program, and accordingly the Shareholders will not receive any staking rewards or other income.
  • The loss or destruction of a private key required to access XRP may be irreversible. The XRP Custodian’s loss of access to a private key associated with the Trust’s XRP could adversely affect an investment in the Shares.
  • New competing digital assets may result in a reduction in demand for XRP, which could have a negative impact on the price of XRP and may have a negative impact on the performance of the Trust.
  • Competition from central bank digital currencies (“CBDCs”) and emerging payments initiatives involving financial institutions could adversely affect the price of XRP and other digital assets.
  • The price of XRP may be affected due to stablecoins (including Tether and USDC), the activities of stablecoin issuers and their regulatory treatment.
  • Validators may cease participating in validating activities because they are provided no direct financial incentive to participate or because certain jurisdictions may limit or otherwise regulate validating activities, which could negatively impact the price of XRP and the value of the Shares.
  • Anonymity and illicit financing risk.
  • A temporary or permanent “fork” of the XRP Ledger could adversely affect the value of the Shares.
  • In the event of a hard fork of the XRP Ledger, the Sponsor will, pursuant to the terms of the Trust Agreement, use its discretion to determine which network should be considered the appropriate network for the Trust’s purposes, and in doing so may adversely affect the value of the Shares.
  • In the event of a hard fork of the XRP Ledger, the XRP Custodian’s operations may be interrupted or subject to additional security risks that could disrupt the Trust’s ability to process creations and redemptions of Shares or otherwise threaten the security of the Trust’s XRP holdings.
  • Shareholders may not receive the benefits of any forks or “airdrops.”
  • If a malicious actor obtains control of more than 80% of the validating nodes on the XRP Ledger, or otherwise obtains control over the XRP Ledger through its influence over trusted validators or otherwise, such actor could manipulate the XRP Ledger, which could adversely affect the value of the Shares or the ability of the Trust to operate.
  • The digital asset trading platforms on which XRP trades are relatively new and largely unregulated or may not be complying with existing regulations.
  • Digital asset trading platforms may be exposed to security breaches.
  • Digital asset trading platforms may be exposed to fraud and market manipulation.
  • Digital asset trading platforms may be exposed to wash trading.
  • Digital asset trading platforms may be exposed to front-running.
  • Momentum pricing.
  • Political or economic crises may motivate large-scale sales of XRP, which could result in a reduction in the price of XRP and adversely affect an investment in the Shares.
  • Ownership of XRP is pseudonymous, and the supply of accessible XRP is unknown. Entities with substantial holdings in XRP may engage in large-scale sales or distributions, either on nonmarket terms or in the ordinary course, which could result in a reduction in the price of XRP and adversely affect an investment in the Shares.
  • Irrevocable nature of blockchain-recorded transactions.
  • A disruption of the internet may affect XRP Ledger operations, which may adversely affect the XRP industry and an investment in the Trust.
  • Potential amendments to the XRP Ledger’s protocols and software could, if accepted and authorized by the XRP Ledger community, adversely affect an investment in the Trust.
  • Decentralized governance of the XRP Ledger could have a negative impact on the performance of the Trust.
  • Double-spending risks.
  • Flaws in source code.
  • Competition from the emergence or growth of other digital assets or methods of investing in XRP could have a negative impact on the price of XRP and adversely affect the value of the Shares.
  • Congestion or delay in the XRP Ledger may negatively impact the Trust.
  • Risks Associated with the Pricing Benchmark, XRR and CME XRP Real Time Price
  • The Pricing Benchmark, XRR and CME XRP Real Time Price each have a limited history.
  • The Benchmark Provider could experience systems failures or errors.
  • The Pricing Benchmark could fail to track the global XRP price, and a failure of the Pricing Benchmark could adversely affect the value of the Shares.
  • The Sponsor can discontinue using the Pricing Benchmark and use a different pricing or valuation methodology instead.
  • The Pricing Benchmark price used to calculate the value of the Trust’s XRP may be volatile, adversely affecting the value of the Shares.
  • The Pricing Benchmark price being used to determine the NAV of the Trust may not be consistent with GAAP. To the extent that the Trust’s financial statement is determined using a different pricing source that is consistent with GAAP, the NAV reported in the Trust’s periodic financial statement may differ, in some cases significantly, from the Trust’s NAV determined using the Pricing Benchmark pricing.
  • Risks Related to Pricing.
  • Risks Associated with Investing in the Trust
  • Investment-Related Risks.
  • The Trust is subject to market risk.
  • Different from directly owning XRP.
  • The Trust is a passive investment vehicle. The Trust is not actively managed and will be affected by a general decline in the price of XRP.
  • The value of the Shares may be influenced by a variety of factors unrelated to the price of XRP.
  • Liquidity risk.
  • The NAV may not always correspond to the market price of XRP and, as a result, Baskets may be created or redeemed at a value that is different from the market price of the Shares.
  • The Shares may trade at a discount or premium in the trading price relative to the NAV as a result of non-concurrent trading hours between the Exchange and digital asset trading platforms. Non-concurrent trading hours may also result in the Shares gapping at the open of trading on the Exchange.
  • Buying and selling activity associated with the creation and redemption of Baskets may adversely affect an investment in the Shares.
  • The inability of Authorized Participants and market makers to hedge their XRP exposure may adversely affect the liquidity of Shares and the value of an investment in the Shares.
  • Arbitrage transactions intended to keep the price of Shares closely linked to the price of XRP may be problematic if the process for the creation and redemption of Baskets encounters difficulties, which may adversely affect an investment in the Shares.
  • Investors may be adversely affected by Creation Orders or Redemption Orders that are subject to postponement, suspension or rejection under certain circumstances.
  • Investors may be adversely affected by an overstatement or understatement of the NAV calculation of the Trust due to the valuation method employed on the date of the NAV calculation.
  • As an owner of Shares, you will not have the rights normally associated with ownership of other types of shares.
  • The Sponsor and the Trustee may agree to amend the Trust Agreement or Sponsor Agreement without the consent of the Shareholders.
  • The Trust is subject to risks due to its concentration of investments in a single asset class.
  • A possible “short squeeze” due to a sudden increase in demand for the Shares that largely exceeds supply may lead to price volatility in the Shares.
  • As the Sponsor and its management have a limited history of operating an investment vehicle like the Trust, their experience may be inadequate or unsuitable to manage the Trust.
  • Security threats and cyber-attacks could result in the halting of Trust operations and a loss of Trust assets or damage to the reputation of the Trust, each of which could result in a reduction in the price of the Shares.
  • The Trust’s risk management processes and policies may prove to not be adequate to prevent any loss of the Trust’s XRP.
  • The development and commercialization of the Trust is subject to competitive pressures.
  • The lack of active trading markets for the Shares may result in losses on investors’ investments at the time of disposition of Shares.
  • Possible illiquid markets may exacerbate losses or increase the variability between the Trust’s NAV and its market price.
  • The Trust’s XRP may be subject to loss, damage, theft or restriction on access.
  • Several factors may affect the Trust’s ability to achieve its investment objective on a consistent basis.
  • The amount of XRP represented by a Share will decline over time.

Legal proceedings

There are no current, past, pending or, to the Sponsor’s knowledge, threatened legal proceedings or administrative actions either by or against the Trust or the Sponsor that could have a material effect on the Trust’s or the Sponsor’s business, financial condition, or operations or any current, past or pending trading suspensions by a securities regulator.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7