- Bitwise is the top performer among the XRP ETFs today, with $5.07 million in volume.
- Total trading activities for all ETFs of XRP amounts to $19 million.
- Total assets of XRP ETFs have almost reached the $1 billion milestone two weeks after their launch.
XRP ETF moved like a rising tide, quiet yet full of force. Traders felt it in their bones. Institutions saw it reflected in their books. This surge had not hit its crest, but it carried the weight of something inevitable, something that refused to be ignored.
Ever since the first fund was launched in November, money has been coming in with a sort of persistent regularity, which has attracted the whole market’s attention to this part of the digital world.
The ecosystem did not want to be neglected; it took the spotlight. Day by day, the inflow continued to remain constant. The trade movements became heavier. The figures increased. And they reached another point of growth today.
Also Read: XRP ETF Inflows Hit $164 Million as Market Dominance Rises and Drives Momentum
Bitwise Rises Within XRP ETF Race
Bitwise was like a runner who knew the path perfectly and thus stood at the very front of the line. The trading volume for its XRP ETF had reached $5.07 million by noon already. This amount was greater than the combined trading volumes of Franklin Templeton with $4.43 million, Canary Capital with $2.82 million, REX-Osprey with $1.85 million, and Grayscale with $1.32 million.
The first reporting at $15.48 million covering all funds was made in the early hours. But the market was still going down. The traders were still active. Almost immediately, that total went to $19 million, and Bitwise still occupied the highest position. There were no loud noises about it. Just the continuous buzz of a fund asserting its place.
XRP ETF Momentum Nears Billion Threshold
There was something more significant than just the increase in volumes that brought to light the total assets managed in all XRP ETFs which amounted to $909.74 million as at December 3. The total increase towards $1 billion became a near and easily reachable target already within the first two weeks of the products introduction.
The ETF vaults are now holding almost 400.01 million XRP. They are cold, quiet, and waiting for the next event. Meanwhile, on the charts, XRP has once again revealed its strength and is gradually getting back to $2.22 after a few days of severe correction.
People feel like this rally is not a sudden movement of prices but rather a gradual increase of the market. The type of gradual that ignites entire sectors. The type that influences investors’ vocabulary about an asset.
At this very moment, the figures are saying it all. The tide is coming in. The sound is increasing. And the narrative of the XRP ETF is building up its power, slowly but surely, through each trading day.
Also Read: XRP Drops to $2.08 as GXRP ETF Launch Fails to Lift Price: 3 Key Levels to Watch
