Bitwise CEO Praises XRP ETF Performance Amid Record-Setting Inflows, Here Are The Numbers

The launch of XRP exchange-traded funds has quickly turned into one of the strongest openings the crypto ETF market has seen this year. Bitwise CEO Hunter Horsley publicly celebrated the early success of his firm’s product, pointing to a surge in investor interest that has driven inflows to nine figures in a couple of days. 

His comments come at a time when total XRP ETF inflows across the industry are climbing, whereas Spot Bitcoin and Ethereum ETFs are finding it difficult to maintain the same level of demand they had in the past.

Bitwise XRP ETF Draws $18 Million In A Single Day

The Bitwise Spot XRP ETF started trading on November 20 after going live based on the new fast-track SEC guidelines for launching ETFs. Since then, the ETF has witnessed consistent days of inflows. Horsley revealed that the Bitwise XRP ETF recently recorded roughly $18 million of inflows in one trading session. This huge amount is one of the fund’s strongest days yet and demonstrates that institutional investors are taking active positions rather than waiting on the sidelines. 

The CEO emphasized gratitude to those allocating capital to Bitwise’s product, describing the inflow strength as a sign of confidence in both XRP as an asset and Bitwise as a manager. “Grateful to investors entrusting Bitwise to steward their asset,” he said.

The timing of these inflows also shows the bullish momentum across XRP ETFs, with multiple issuers reporting consistent interest since regulatory approval. This is interesting, considering the spot price of the altcoin has been going through a not-so-favorable period in November.

$135 Million In Three Days

According to Horsley, the Bitwise XRP ETF has now attracted approximately $135 million in inflows over its first three days of trading. This pace places it among the fastest-growing altcoin ETFs launched in the United States, although still behind early-stage numbers associated with Bitcoin or Ethereum products.

These inflow numbers show the pent-up demand for institutional-grade exposure to the cryptocurrency. In addition to Bitwise, industry-wide XRP ETF data shows that the new products collectively brought in about $164 million on Monday, October 24. In total, the four US-based ETFs have witnessed $643.92 million in inflows since launch, with no day of outflow yet to be recorded. 

The strong early adoption contrasts sharply with the hesitation seen among some heavyweight ETF issuers. Firms like BlackRock and FIdelity are yet to launch their own version of a Spot XRP ETF, leaving the current wave of inflows to be dominated by Bitwise, Grayscale, and Franklin Templeton. Their absence has not stopped the momentum flowing into XRP, though it has kept the scale of inflows below what it could become once the larger issuers eventually join the field.