Bitwise extends XRP buying spree with $15.4 million purchase as ETF inflows persist

Bitwise, a major asset management firm specializing in cryptocurrency investment products, has continued to increase its exposure to XRP amid shifting price dynamics and ongoing inflows to XRP exchange-traded funds (ETFs).

Bitwise increases XRP holdings

Recent data from Whale Insider indicated that Bitwise recently acquired $15.4 million worth of XRP, marking yet another large-scale purchase. These investments come as XRP’s market momentum has moderated, highlighting Bitwise’s continued confidence in the asset despite recent volatility.

Bitwise is known for managing crypto-focused products for institutional and retail investors, providing exposure to popular digital assets through regulated investment vehicles. The firm’s activity has prompted renewed discussion among analysts about the role of institutional participants in shaping digital asset markets.

XRP’s recent breakout had contributed to increased optimism within the ecosystem, encouraging both individual and institutional investors to take larger positions. However, trading activity has become more mixed as momentum falters in the face of shifting market sentiment.

Market analysts have highlighted that Bitwise’s latest major XRP purchase was notable because it was made after XRP reversed from its recent bullish run and turned negative.