Key Highlights
- XRP ETFs recorded their strongest single-day inflows since September began, with over $20 million flowing into the market during the latest trading session.
- Bitwise dominated the inflows, purchasing $19.17 million worth of XRP in one day — its largest acquisition in recent months — bringing its total XRP holdings to approximately $615 million in net assets.
- XRP surged more than 8% on the same day, breaking key resistance at $1.65 and reigniting momentum toward the $2 price target.
Bitwise Leads Record Inflows as XRP ETFs Post Best Day Since Early September
The cryptocurrency exchange-traded fund market recorded its first net inflow of the week as XRP-focused products attracted over $20 million in combined capital during the latest trading session — marking the strongest single-day performance for the category since September began. The surge was overwhelmingly driven by a single issuer: Bitwise Asset Management, which accounted for nearly the entire inflow after executing its largest XRP purchase in months.
Bitwise Captures Nearly All Fresh Capital with $19.17 Million XRP Acquisition
On-chain data confirms that Bitwise acquired $19.17 million worth of XRP in a single day, a move that followed what the firm described as a substantial surge in institutional interest in its XRP-based investment product. The purchase propels Bitwise’s total XRP holdings to approximately $615 million in net assets, reinforcing its position as the dominant player in the XRP ETF space. By contrast, Franklin Templeton’s XRP ETF recorded a modest inflow of roughly $862,000 on the same day, while all other XRP ETFs reported no net inflows, leaving Bitwise responsible for the vast majority of new capital entering the market.
XRP Price Breaks $1.65 Resistance, Eyes $2 Target as Momentum Builds
The inflow surge coincided with a sharp 8% intraday rally in XRP’s spot price, pushing the token above the $1.65 resistance level that had capped gains for several weeks. Technical analysts note that the breakout, supported by rising volume and institutional accumulation, positions XRP on a potential trajectory toward the psychologically significant $2 threshold. The synchronized move between ETF flows and spot price action suggests growing conviction among professional allocators, rather than purely speculative retail-driven momentum.
Why This Matters
The concentration of inflows into Bitwise’s XRP ETF underscores a broader trend: institutional investors are increasingly differentiating between issuers based on custody infrastructure, liquidity provision, and regulatory track record. Bitwise’s early-mover advantage in the crypto ETF space — combined with its transparent on-chain reporting and established relationships with prime brokers — appears to be translating into a durable capital moat. Meanwhile, the XRP price breakout above $1.65 carries technical significance, as this level has acted as a multi-test ceiling since mid-year. A sustained move above it could trigger algorithmic buying and options gamma hedging, amplifying upside toward $2. However, the market remains sensitive to regulatory developments, particularly the ongoing SEC appeal in the Ripple Labs case, which continues to cast a shadow over long-term institutional allocation decisions.
Frequently Asked Questions
How much did Bitwise invest in XRP during the latest session?
Bitwise purchased $19.17 million worth of XRP in a single trading day, its largest acquisition in recent months.
What is Bitwise’s total XRP holding value now?
Bitwise’s XRP ETF now holds approximately $615 million in net assets, making it the largest XRP fund by a wide margin.
Did other XRP ETFs see inflows on the same day?
Franklin Templeton’s XRP ETF recorded a modest inflow of about $862,000, while all other XRP ETFs reported zero net inflows.
