Bitwise's XRP Buying Spree Fuels ETF Market Growth

Bitwise, a prominent financial services company, has been actively buying XRP for three consecutive days this week. According to recent data, the company has purchased approximately 6.48 million XRP after attracting $9.91 million in fresh capital.

This development comes as the Bitwise fund continues to lead with stronger capital flows into the XRP ETF market. Franklin Templeton's XRP ETF also saw a significant influx of $4.98 million, purchasing about 3.36 million XRP.

The combined net inflows from both companies totalled $14.89 million, with Bitwise and Franklin Templeton accounting for all the new capital recorded that day. This sustained demand has pushed the cumulative inflows into the XRP spot ETFs to a massive $1.76 billion, nearing the $2 billion milestone in barely one year since launch.

Notably, Bitwise remains the largest XRP fund with $613.77 million worth of assets under its management.