XRP ETF Sees $15.4M Inflows Amid Price Volatility
Bitwise, a leading crypto asset manager, saw significant client inflows into its Bitwise XRP ETF as the price of XRP rebounded toward $1.40. The fund received $15.4 million in new capital in a single session, following a brief retreat to $1.30.
The Bitwise XRP ETF provides brokerage-based investors with exposure to XRP prices without requiring them to handle private keys or manage crypto exchange accounts. As authorized market participants create additional shares based on inflows, the fund directly holds spot XRP and charges a management fee for administration and custody.
Despite robust ETF subscriptions, XRP's price performance remained volatile, influenced by speculative selling, leverage in futures markets, and overall sentiment. Net inflows into spot ETFs demonstrate persistent regulated interest in XRP, but do not eliminate selling pressure.