Bitwise XRP ETF First Day Inflow Hits $107 Million
Analysis
Price Impact
HighThe bitwise xrp etf saw a massive $107 million in first-day inflows and $25.7 million in trading volume, significantly outperforming the bitwise solana etf. this indicates strong and growing institutional demand for xrp, which is a major bullish signal.
Trustworthiness
HighThe information is directly from bitwise's ceo, hunter horsley, with specific financial figures, and reported by a reputable crypto news outlet, u.today.
Price Direction
BullishSubstantial institutional capital flowing into a spot xrp etf demonstrates high interest and confidence in xrp, suggesting increased buying pressure and potential for price appreciation, despite broader market slowdowns.
Time Effect
LongEtf inflows often represent long-term institutional investment strategies and sustained demand, rather than short-term speculative pumps. the zero-fee incentive also aims for long-term adoption.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News $XRP hits $25.7 million in first day trading volume Bitwiseâs XRP ETF flips BSOL Advertisement As expected by the XRP community, the spot XRP ETF issued by Bitwise, which launched yesterday, has achieved an impressive first day inflow, according to a recent post from Bitwise’s CEO, Hunter Horsley. According to Horsley, $XRP has met the expectations of analysts, pulling in a massive $107 million in inflows on its first day of trading despite the broad crypto market slowdown. While this marks a successful launch for the Bitwise XRP ETF despite the prolonged crypto market downturn, it has also emerged as one of the notable and strongest ETF launches this year. HOT Stories Bitcoin on the Verge of 30% Collapse Against Gold, Shiba Inu (SHIB) Burn Rate Jumps 23,864%, XRP Price Drops Below $2 Despite ETF Launch — Crypto News Digest Hayes: Bitcoin Bottom Is Near, But There's a Catch Saylor Finally Breaks Silence Amid Devastating Bitcoin Price Crash Morning Crypto Report: Bitcoin Crashes Precisely to $82,000, Goodbye $2 for XRP? $2 Billion Liquidation Tsunami Stuns Crypto Market With this impressive first day performance, it appears that the demand for spot exposure to XRP among institutional investors has continued to grow. Advertisement $XRP hits $25.7 million in first day trading volume The launch report showcased by the firm also shows that the fund recorded an impressive $25.7 million in trading volume on day one of its trading. Notably, this strong trading activity follows massive total assets under management, which reached $107.6 million by the close of the session. While this strong first day performance has been attributed to the hype and optimism surrounding the fund even before its official launch, the fund’s friendly fee structure appears to have also contributed to the large trading volume. Notably, the firm only requires investors to pay a zero percent management fee for the first month on the first $500 million in assets. While the move seeks to accelerate adoption and attract both retail and institutional capital during its early trading phase, it has helped the fund amass notable first day inflows and trading volume. Bitwise’s XRP ETF flips BSOL With a massive $107,000,000 in inflows on its first day of trading, the Bitwise XRP ETF has nearly doubled the record inflows of $69.5 million achieved by the Bitwise Solana ETF on its first day. This unmatched performance suggests that U.S. investors are more interested in gaining exposure to Ripple’s associated cryptocurrency, XRP, than in Solana. #XRP #Spot XRP ETF #Bitwise #Ripple News #Solana ETF