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Crypto

Bitwise XRP spot ETF stays on top with 35 percent market share

Bitwise’s XRP spot exchange-traded fund has surpassed $500 million in assets under management nine months after launch, with net assets at $507.23 million, the largest among XRP spot ETFs, according to The Crypto Basic. Bitwise said continued support from the XRP community and broader investor access helped drive the result. The fund has logged cumulative net inflows of $635.56 million and holds 34.98 percent of the $1.45 billion XRP spot ETF market.

Crypto

XRP ETF growth strong, but Bitwise CEO says no $1 billion fund yet

The XRP spot exchange-traded fund market is growing quickly, but no single product has exceeded $1 billion in assets, the article said. Bitwise’s Solana staking ETF, BSOL, surpassed that level 10 months after launch, while XRP spot ETFs have not. Bitwise CEO Hunter Horsley said only Bitcoin, Ethereum and Solana have spot crypto ETFs above $1 billion. XRP ETFs rely on spot demand because XRP Ledger lacks native staking, the article said.

Crypto

XRP spot ETF net inflows top $100 million in August, raising chance of monthly record

XRP spot exchange-traded funds recorded a net inflow of $28.14 million in a single day, the second-largest daily inflow this year. Demand for spot ETFs remained strong even as XRP’s price underwent a correction. Over five straight trading days, net inflows totaled $97.45 million. August net inflows reached $108.87 million, narrowing the gap with May’s monthly record of $131.94 million to $23.07 million.