Bitwise XRP ETF Reports Increased Net Assets and Shares Outstanding for Six Months Ending June 30, 2026

Bitwise XRP ETF has reported its financial results for the six months ending June 30, 2026, revealing a significant increase in net assets, which rose to $299.1 million from $241.4 million at the end of the previous fiscal period. The Trust's total assets also increased to $305.0 million, up from $241.4 million, primarily driven by a rise in the fair value of its investment in XRP, which was valued at $299.2 million as of June 30, 2026, compared to $239.8 million at the end of 2025. The Trust's net investment loss for the six months was reported at $494,000, with total expenses amounting to $262,494 for the second quarter.

The Trust's operational metrics indicate a substantial increase in shares outstanding, which grew from 11.8 million to 25.7 million during the same period. This increase reflects a net addition of 13.9 million shares, attributed to strong demand for the Trust's offerings. The Trust's principal market NAV per share decreased from $20.46 at the end of 2025 to $11.66 by June 30, 2026, reflecting the volatility in the price of XRP, which fell from $1.82 to $1.04 during the same timeframe.

In terms of operational developments, the Trust engaged in significant transactions involving XRP, including the purchase of 129.1 million XRP for $191.1 million and the redemption of approximately 25.6 million XRP valued at $34.3 million. The Trust also transferred XRP to pay the Sponsor Fee, which amounted to $436,000. The net realized and unrealized loss on investments in XRP for the six months was reported at $176.1 million, primarily due to a decline in XRP prices.

Looking ahead, the Trust's management has indicated that it will continue to focus on providing exposure to XRP while managing operational expenses through the Sponsor Fee, which is currently set at 0.34% per annum of the Trust's XRP holdings. The Trust's strategy remains centered on leveraging its position in the cryptocurrency market, although it acknowledges the inherent risks associated with the volatility of digital assets. The management has not identified any significant trends or conditions that would materially affect the Trust's liquidity needs in the near future.