Bitwise Leads XRP ETF Inflows for Third Straight Session as Fund Assets Reach $613 Million
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Summary
- Bitwise drew $9.91 million into its XRP fund, marking three consecutive sessions of inflows and leading the latest marketwide gains.
- Franklin Templeton added $4.98 million, while both funds together supplied all $14.89 million in net inflows recorded that trading session.
- Cumulative XRP ETF inflows reached $1.76 billion, while Bitwise held $613.77 million in assets despite a discrepancy in token estimates.
Bitwise attracted $9.91 million into its XRP exchange-traded fund, marking its third consecutive trading session with net inflows. Franklin Templeton drew another $4.98 million, bringing combined XRP ETF inflows to $14.89 million during the latest session.
Bitwise supplied roughly two-thirds of that total, extending its lead as investors directed most of their money toward its fund. Meanwhile, Franklin Templeton accounted for the remaining inflows, and no other XRP fund recorded a net contribution that session.
The figures associate Bitwise’s inflow with approximately 6.48 million XRP and Franklin Templeton’s with roughly 3.36 million XRP. Those estimates add up to 9.84 million XRP, slightly above the stated marketwide total of 9.74 million XRP.
The dollar amounts align with the reported $14.89 million total, but the token estimates contain a small discrepancy. Consequently, the XRP quantities offer an approximate measure of demand rather than a precise account of tokens acquired.
Bitwise’s three-session run shows that investor interest in its product has extended beyond a single trading day. However, inflow data measures money entering an ETF and does not establish the exact timing of its XRP purchases.
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Bitwise Extends Its Lead as XRP ETF Inflows Reach $1.76 Billion
Bitwise now holds approximately $613.77 million in assets, making it the largest XRP fund among the products covered. Its latest inflow therefore adds to a fund that already represents a substantial portion of the XRP ETF market.
Franklin Templeton’s contribution also shows that investors spread their allocations across more than one issuer during the session. Nevertheless, the two funds accounted for all recorded net inflows, leaving other XRP products without a net contribution.
Across the market, cumulative net inflows have reached approximately $1.76 billion, while combined net assets stand near $1.70 billion. Both figures remain below $2 billion, although they measure different aspects of the funds’ performance.
Cumulative inflows represent net investor money entering the products over time, regardless of subsequent changes in XRP’s market price. Net assets, by comparison, reflect the current value of fund holdings and can change as XRP’s price moves.
For that reason, the difference between the two totals does not necessarily mean investors withdrew the missing amount. Price movements can change asset values even during a period when the funds record positive net inflows.
The latest session added $14.89 million to cumulative inflows, with Bitwise responsible for the larger share of that increase. Reaching $2 billion would require further net investment, and three positive sessions alone cannot establish when that might happen.
Bitwise remains the largest XRP fund by assets and the leading recipient of inflows in the latest session. Its three-day run provides a clearer picture of sustained investor demand than any single session’s figures.
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The post Bitwise Leads XRP ETF Inflows for Third Straight Session as Fund Assets Reach $613 Million appeared first on 36Crypto.
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