Bitwise ETF Surpasses $500M in Assets as XRP Consolidates Near $1.37

XRP is trading near $1.37 as traders weigh the token's spot momentum against a milestone in institutional adoption.

The Bitwise ETF, which holds XRP tokens, has crossed $500 million in assets under management just nine months after its launch.

The fund's chief investment officer celebrated the milestone on social media, saying 'Grateful for the chance to expand mainstream access to XRP and steward investors' exposure.'

XRP has shed 8.2% over the past week but remains up nearly 26% on a 30-day basis.