XRP's price dropped by 2.2% on September 1, 2026, despite Bitwise ETF's total assets reaching $507 million.
The decline comes as Ripple released one billion tokens from escrow, but this move does not confirm a sale or exchange movement.
Bitwise's XRP fund holds 365.35 million tokens, representing 36.5% of the gross escrow release.
The token price peaked at $1.395 overnight and fell to $1.355 by the end of the day.
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