Bitwise XRP ETF Sees Highest Trading Volume Since Launch

The Bitwise XRP ETF has seen significant trading activity over the past three sessions as institutional investors pay more attention to XRP's price. According to Teddy Fusaro, president of Bitwise, more than $80 million worth of the ETF was traded in the latest session.

This marks the highest-volume trading day since the ETF's launch, and comes amid a surge in XRP's price. Last week, XRP rose over 70%, from $0.988 to $1.70.

The increased trading volume is accompanied by significant network activity, with XRP active addresses jumping 655% and exchange withdrawals reaching 231 million XRP.

Regulated XRP investment products are becoming increasingly important in the market, with total XRP ETF inflows nearing $1.6 billion.