Bitwise Buys 6.48M XRP for Third Day as ETF Inflows Hit $1.7B
In brief
- Bitwise bought 6.48M XRP for third consecutive day with $9.91M fresh inflows.
- XRP spot ETF inflows reached $14.89 million in latest trading session.
- Cumulative XRP spot ETF inflows hit $1.76 billion since launch.
- Bitwise leads XRP funds with $613.77 million in assets under management.
Institutional Demand Drives XRP ETF Inflows
Bitwise bought 6.48 million XRP after attracting $9.91 million in fresh capital during the latest trading session. XRP spot ETF inflows reached $14.89 million as of the last trading day, with Bitwise and Franklin Templeton performing as the only contributors of new capital recorded that day.
Franklin Templeton's XRP ETF also saw meaningful activity. The fund received approximately 3.36 million XRP worth over $4.98 million in inflows, adding to the growing institutional interest in spot XRP products.
Market Milestones and Asset Growth
The sustained buying pressure reflects broader momentum in the XRP ETF space. Cumulative inflows into XRP spot ETFs have now reached $1.76 billion, while combined net assets have also reached $1.70 billion. The XRP ETF market is about to hit a $2 billion milestone in barely one year since launch.
Bitwise has retained dominance, remaining the largest XRP fund with $613.77 million worth of assets. The firm's repeated large purchases over three consecutive days underscores its commitment to building the fund's holdings as investor demand accelerates.
Frequently asked questions
Why is Bitwise buying XRP repeatedly?
Bitwise's repeated purchases reflect investor demand for its XRP ETF. The fund attracted $9.91 million in fresh capital during the latest session alone, and cumulative inflows into XRP spot ETFs have reached $1.76 billion since launch. Bitwise's buying activity directly corresponds to new investor capital flowing into the fund.
What are XRP spot ETFs?
XRP spot ETFs are exchange-traded funds that hold physical XRP tokens, allowing institutional and retail investors to gain exposure to the asset through traditional brokerage accounts. Bitwise and Franklin Templeton launched the first XRP spot ETFs, and the market has accumulated $1.76 billion in inflows in under one year.
How much does Bitwise's XRP fund hold?
Bitwise's XRP fund is the largest in the market, holding $613.77 million in assets. The fund has attracted consistent investor capital, including $9.91 million in fresh inflows during the latest trading session.
