Bitwise XRP ETF Sees Record Trading Volume Amid XRP Price Surge

The Bitwise XRP ETF has seen significant trading activity over the past three sessions, according to its president Teddy Fusaro. More than $80 million worth of the ETF was traded in the latest session, marking the highest-volume trading day since its launch.

Fusaro noted that the surge in trading volume is a welcome sign for institutional investors who are paying more attention to XRP's price. The Bitwise XRP ETF has attracted fresh capital, with $8.25 million flowing into it in the latest session, taking its cumulative net inflows to approximately $550.93 million.

Bitwise leads other issuers such as Canary Capital and Franklin Templeton in terms of cumulative inflows. However, Grayscale and 21Shares did not record inflows during the session. The impressive figures for inflows and trading volume come as XRP has experienced explosive price action over the past few days, with its price rising more than 70%.

The surge in ETF activity, network activity, futures volume, and exchange withdrawals suggests that the latest XRP rally is being driven by significantly increased market participation. With more than $80 million traded in the latest session and total XRP ETF inflows nearing $1.6 billion, regulated XRP investment products are becoming an increasingly important part of the market.