Bitwise CEO Hunter Horsley recently took to the X social media network to highlight the impressive inflows recorded by the firm’s XRP ETF.
“Grateful to investors for entrusting Bitwise to steward their investments,” he said.
The Bitwise XRP ETF began trading under the “XRP” ticker on Nov. 20.
The management fee is 0.34%, but Bitwise waived that fee for the first month on the first $500 million in AUM
The ETF launched during a volatile crypto market. Major cryptocurrencies recorded major price drops, with the XRP token plunging below $2.
Other key players
Earlier today, Grayscale joined the XRP ETF race with its own fund tracking the red-hot token.
Some other key players include Canary Capital and Franklin Templeton.
