The Bitwise XRP ETF now holds more than half a billion dollars' worth of XRP, according to SosoValue data. Its net assets stand at $541.12 million, and total net inflows have reached $684.73 million. The source cautions that these figures do not necessarily equal the amount of XRP the fund bought.
Bitwise's XRP fund now holds more than half a billion dollars' worth of XRP as of October 17, per SosoValue data. The asset manager has pulled in the largest amount of capital on most trading sessions, the source says.
The Bitwise XRP ETF has accumulated up to $541.12 million in net assets. Meanwhile, its total net inflows stand at $684.73 million since launch, as investor capital has continued to flow into the fund.
The ETF has continued to give investors the opportunity to benefit from XRP's price movements without buying and managing XRP directly. With more than $541 million worth of XRP now owned through the fund, it appears Bitwise has continued to play a major role in giving investors exposure to XRP through traditional financial markets.
The milestone also points to demand for XRP among institutions, according to U.Today. Still, net assets and inflows do not necessarily indicate an equivalent amount of XRP purchased by the fund, which could hold more.
Source: U.Today
Trading involves risk.
Risk Disclaimer
