Bitwise Buys Billions' Worth of XRP Amid Record-Breaking Demand

Bitwise has been on a buying spree for XRP (Ripple), scooping up millions of units over three consecutive days this week.

The company's latest purchases come as its XRP Exchange-Traded Fund (ETF) market continues to attract fresh capital, nearing the $2 billion milestone in barely one year since launch.

According to recent data, Bitwise bought approximately 6.48 million XRP after attracting a total of $9.91 million in new investments, making it the largest contributor to the XRP ETF market.

The sustained demand for XRP investment products has led to cumulative inflows reaching $1.76 billion, with combined net assets totaling $1.70 billion.