🚨Wow! Bitwise absorbed almost the entire day’s $XRP ETF inflow. The market was weak, but money still entered regulated XRP products. According to the July 31 snapshot: Bitwise: $7.12 million Franklin Templeton: $576,520 Combined inflow: approximately $7.70 million. That means Bitwise alone represented more than 92% of the day’s net buying across these funds. This is not trading volume. It is net capital entering the ETFs, and spot products such as Bitwise’s fund hold XRP to provide investors with direct price exposure. I know $7.7 million will not change the entire market overnight. That is not the point. The point is that when the price pulled back, regulated investors did not all run away. Fresh capital entered, and Bitwise took nearly the whole flow. People panic when they see red. Someone else sees the same red and adds exposure through the NYSE. Different mindset. Different outcome.