Bitwise Adds XRP to First-Ever $259M Tokenized Fund as DeFi Push Expands

• Bitwise includes XRP alongside Bitcoin, Ethereum, and Solana holdings.
• Tokenized fund shares unlock DeFi liquidity while generating yield.
• Bitwise expands XRP exposure through both ETFs and tokenized products.

Bitwise has included XRP in its first tokenized investment fund, placing the cryptocurrency alongside Bitcoin, Ethereum, and Solana in a $259 million institutional product. According to Bitwise CEO Hunter Horsley, the on-chain fund has already surpassed $250 million in assets under management while generating an annualized 30-day yield of around 4%.

The fund, known as the Bitwise Crypto Carry Fund, represents the asset manager’s first tokenized investment vehicle. Unlike conventional crypto products, the strategy does not rely on asset price appreciation. Instead, it generates returns through basis trading by holding spot cryptocurrencies while maintaining corresponding short futures positions.

XRP’s inclusion gives the asset equal standing with Bitcoin, Ethereum, and Solana within the fund’s underlying portfolio. Consequently, institutional investors now have another regulated avenue for gaining exposure to XRP through an on-chain financial structure.

Also Read: SBI Remit Surpasses ¥2.5 Trillion in Cross-Border Transfers, Highlighting XRP Adoption

Tokenized Fund Creates New Institutional Use Case for XRP

Bitwise built the fund on Superstate’s FundOS platform, allowing shares to exist directly on-chain. As a result, investors can use tokenized fund shares as collateral across decentralized finance platforms while continuing to earn yield from the underlying strategy.

According to the fund’s structure, platforms including Aave Horizon, Kamino, and Morpho already accept the tokenized shares as collateral. Therefore, institutions can unlock liquidity without liquidating their investment positions.

Meanwhile, Bitwise continues expanding its XRP-related offerings through traditional markets. The firm’s spot XRP ETF held $343.58 million in net assets at the time of reporting. Additionally, cumulative net inflows had reached $471.17 million.

This creates two separate access points for institutional capital. Traditional investors can gain exposure through the ETF, while blockchain-native investors can access XRP through the tokenized fund structure.

The new product remains available exclusively to qualified investors through a private placement. Furthermore, the fund is not registered with the SEC, and Bitwise notes that investment objectives are not guaranteed.

Conclusion

Bitwise’s decision to include XRP in its first tokenized fund highlights the asset’s growing role in institutional investment products. Moreover, the launch strengthens Bitwise’s XRP offering by connecting traditional finance and decentralized finance through separate investment channels.

Also Read: Bitcoin’s Spring Rally Was a Fakeout, Says Benjamin Cowen as June Weakness Returns

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