📉NEW: BITWISE $XRP ETF REPORTS $25.937 MILLION NET LOSS
The Bitwise XRP ETF recorded a net decrease in net assets from operations of $25.937 million, driven entirely by unrealized losses on its XRP holdings.
No investment income was recognized. Net loss per share was $2.31.
Launched November 19, 2025, with shares listed the next day, the Trust holds 131.2 million XRP.
The Trust holds no cash except for creation/redemption flows and may sell XRP only to cover USD expenses.