Bitwise Crypto Products Hit $300M Volume Amid Broader Market Slump
Despite the broader crypto market losing around $580 billion in value this year, Bitwise's crypto investment products recorded about $300 million in combined trading volume on August 19. The top five contributors to the company's total ETF volume were led by the Bitwise Bitcoin ETF (BITB) with $156 million in trading volume.
The Bitwise Solana ETF (BSOL) followed closely behind with $58 million, while the Hyperliquid ETF (BHYP) ranked third with $45 million. The Ethereum ETF (ETHW) came fourth with $35 million, and the Bitwise $XRP ETF ($XRP) rounded out the top five with around $20 million in trading volume.
According to Sosovalue's data, the Bitwise $XRP ETF recorded its highest single-day trading volume since May 14 at $22.77 million on August 19. The $XRP ETF market as a whole saw trading activity pick up, with five products together recording $31.66 million in trading volume, the highest daily figure since mid-June.