XRP – Bitwise XRP ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks 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”).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
XRP	Bitwise XRP ETF	ETF	Open	—	—	Nov 19, 2025	$609.75M	0.340%	—	—	—

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