XRP ETF Takes A 6% Share As Bitwise Products Record $300M Volume

Bitwise crypto investment products recorded about $300 million in combined trading volume on Aug. 19, with the Bitwise $XRP ETF making up roughly 6% of the total.

This comes as the broader crypto market remains under pressure, with the market losing about $580 billion in value this year. Despite the consistent decline, crypto investment products have continued to draw renewed investor attention.

Bitwise ETFs Post $300 Million in Volume

Hunter Horsley, CEO of Bitwise, revealed the figures in a recent disclosure on X and highlighted the top five contributors to the company’s total ETF volume.

Specifically, the Bitwise Bitcoin ETF (BITB) led the group with $156 million in trading volume, followed by the Bitwise Solana ETF (BSOL) with $58 million.

Meanwhile, the company’s Hyperliquid ETF (BHYP) ranked third with $45 million, while the Ethereum ETF (ETHW) followed with $35 million.

The Bitwise $XRP ETF ($XRP) ranked fifth, recording about $20 million in trading volume on Aug. 19. Based on Bitwise’s figures, the $XRP product accounted for 6.6% of the total trading volume across all Bitwise ETFs.

$XRP ETF Volume Reaches Highest Level Since May

Data from Sosovalue, a crypto analytics platform, put the Bitwise $XRP ETF’s trading volume slightly higher at $22.77 million on Aug. 19. This marked the product’s highest single-day trading volume since May 14, when $XRP traded at around $1.54.