Here are the 10-Q quarterly reports from Bitwise XRP ETF (XRP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XRP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XRP filings page.
Bitwise XRP ETF reported that net assets rose to $299.1 million as of June 30, 2026, driven by net creations of Shares, while performance was strongly affected by XRP price declines. The Trust held 286.8 million XRP, valued using a Coinbase principal market price of $1.04 per XRP.
Principal Market NAV per Share fell from $20.46 at December 31, 2025 to $11.66, a total return of -43.01% for the six-month period. The Trust recorded a net decrease in net assets from operations of $176.6 million, almost entirely from $176.1 million in realized and unrealized losses on XRP, reflecting the price move from $1.82 to $1.04.
Operating structure remained simple: the Trust earns no investment income and incurred only a 0.34% annualized Sponsor Fee, paid in XRP, with other ordinary expenses borne by the Sponsor. The product functions as a single-segment, grantor trust ETP providing XRP exposure, with creations and redemptions occurring in 10,000‑Share Baskets, primarily via in‑kind XRP transfers.
Bitwise XRP ETF reports its first full quarter of operations, showing how closely results track the XRP market. Net asset value per share fell from $20.46 at December 31, 2025 to $15.03 at March 31, 2026, a total return of (26.54)%, mainly due to XRP’s price declining from $1.82 to $1.34.
Net assets still rose to $261.9 million as creations outweighed redemptions, and the Trust ended the quarter holding about 194.9 million XRP. Net decrease in net assets from operations was $(91.7) million, reflecting realized and unrealized losses on XRP plus a 0.34% annual Sponsor Fee. Shares outstanding grew to 17.42 million at quarter‑end and 20.24 million as of May 4, 2026.