Bitwise XRP ETF Sees $15.4M Inflow as XRP Bounces Near $1.40
The Bitwise XRP ETF has seen significant inflows, with $15.4 million entering the fund in a single session. This follows a period of price volatility for XRP, which had traded around $1.30 before recovering to near $1.40.
These inflows are not a result of Bitwise making a discretionary investment, but rather clients buying into the fund through regulated brokerage systems. The ETF holds spot XRP and charges a management fee, providing investors with price exposure without private keys or crypto exchange accounts.
The $15.4 million influx is part of a broader trend of increased demand for regulated XRP products. Seven U.S. spot XRP funds reached $1.57 billion in cumulative inflows by August 24, with Bitwise leading the category at $542 million.