Bitwise Buys $19M in XRP, Fueling Token's Surge

Bitwise has acquired over $19 million in XRP in a single day, solidifying its position as the primary driver of inflows into the token's ETFs.

This significant purchase comes at a time when XRP is gaining momentum, with inflows nearing $1.75 billion after an $18 million daily gain.

The surge in demand for XRP ETFs has been attributed to various factors, including the increasing adoption of digital assets by institutional investors and the growing use cases for XRP as a payment token.