In accordance with DL News, Bitwise has launched its XRP ETF, joining a growing list of XRP-focused funds including Franklin Templeton, 21Shares, and CoinShares. The move follows a week in which Canary Capital’s XRP ETF attracted $293 million in inflows, while Bitcoin ETFs faced nearly $2 billion in selling pressure. Despite the momentum, XRP’s price remains down over 40% from its July high of $3.65, trading at $2.12. Analysts suggest the price decline is not linked to the ETF but rather broader macroeconomic factors and institutional flows. Ripple, the company behind XRP, recently secured $500 million in funding and partnered with Mastercard and Gemini to enable stablecoin payments for credit card transactions.
Bitwise Launches XRP ETF Amid $293M Inflows, But Price Still Down 40%
DL NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.