Bitwise Asset Management is a San Francisco–based crypto-native asset manager that pioneered crypto index funds in 2017. The firm runs a full multi-asset US ETF lineup and was the first issuer to launch a spot XRP ETF in February 2026, giving regulated US investors XRP exposure for the first time.
BITB launched on NYSE Arca in January 2024. Bitwise was the first issuer to publish on-chain proof-of-reserves for its spot Bitcoin ETF and donates a portion of profits to Bitcoin open-source development. The fund has a 0.20% expense ratio.
XRPB became the first US spot XRP ETF when it launched in February 2026, after Bitwise won the SEC approval race. The fund holds spot XRP at a qualified custodian and has reshaped the XRP investment landscape for regulated US investors.
Bitwise differentiates on transparency (publishing on-chain proof-of-reserves) and on first-mover positioning in newer asset categories. While BlackRock and Fidelity dominate the BTC and ETH categories, Bitwise tends to win in altcoin and index-style products. Investors comparing US spot crypto ETFs often pair a low-fee BTC core (IBIT or FBTC) with Bitwise products for diversification beyond BTC and ETH.
The Bitwise XRP ETF (XRPB) was the first US spot XRP ETF, launching in February 2026 after SEC approval.
BITB's expense ratio is 0.20%, one of the lower fees in the US spot Bitcoin ETF cohort.
Yes. Bitwise publishes on-chain wallet addresses for its spot Bitcoin ETF, allowing investors to verify the underlying holdings independently of regulatory filings.
Yes. Bitwise launched the first crypto index fund in 2017 (the Bitwise 10 Crypto Index Fund) and continues to offer multi-asset index products in addition to single-asset spot ETFs.
Bitwise is a smaller, crypto-native specialist. Its strength is in altcoin coverage, transparency and first-mover speed in newer ETF categories like XRP. BlackRock and Fidelity have far larger AUM but narrower asset coverage.