Bitwise XRP ETF Smashes Records: $1 Billion Soon!

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Ah, the saga of XRP ETFs – a tale of ambition, high finance, and, one presumes, a touch of mild hysteria. Since that historic November day when the first XRP ETF emerged from the murky depths of the financial ether, the ecosystem has been showered with the kind of attention usually reserved for royal weddings or celebrity divorces. The daily inflows? Robust. The trading activities? Well, let’s just say they’ve been anything but dull.

In the latest twist, Bitwise has emerged, like a phoenix (or perhaps a slightly overzealous hedge fund manager), at the top of the heap. The most recent data, delivered with all the grace of a Wall Street pundit at a cocktail party, confirms that Bitwise has, indeed, claimed the highest trading volume for the day. Bravo, Bitwise! 👏

According to none other than Chad Steingraber (renowned media personality and possibly future Nobel laureate), Bitwise’s XRP ETF has snatched the top spot in daily trading volume, contributing a rather stately $19 million in combined trading activity across all XRP ETFs. Do you feel the excitement? You should. It’s palpable.

Bitwise Dominates with $5.07 Million in Volume

For those of you still wondering just how high the bar has been set, Chad’s figures are nothing short of staggering. Bitwise alone has managed to generate a staggering $5.07 million in volume since trading began. A hearty “Well done!” is in order, I think.

In the early trading session, Bitwise outpaced its competitors with the elegance of a cheetah in an Armani suit, leaving Franklin Templeton’s $4.43 million, Canary Capital’s $2.82 million, REX-Osprey’s $1.85 million, and Grayscale’s $1.32 million in its dust. In short, Bitwise is having a very good day. 🏆

At that point, the combined trading volume across all XRP ETFs had reached a rather respectable $15.48 million. But wait, there’s more! The volume has since surged to a mind-boggling $19 million, and Bitwise? Still the reigning champion. Take that, competitors!

XRP ETFs Near $1 Billion Milestone

Ah yes, the sweet scent of impending riches. As the XRP ETFs collectively edge closer to the $1 billion milestone in assets under management (AUM), it’s hard not to imagine the sound of champagne corks popping in various boardrooms across the globe. With AUM currently sitting at a tidy $909.74 million as of December 3, it seems only a matter of time before these ETFs reach the grand, shimmering $1 billion mark. And all this, just two weeks after launch. Talk about a rapid rise! 🚀

But wait, there’s more intrigue. The rapid growth of the combined AUM has seen a rather impressive 400.01 million XRP stashed safely away in ETF vaults. One can only assume that there are several bankers somewhere, quietly patting themselves on the back for a job well done.

Meanwhile, XRP itself continues to demonstrate the sort of bullish momentum usually reserved for mythical beasts. The coin has surged, reclaiming the $2.22 mark after several days of what can only be described as “dramatic correction.” Someone, somewhere, is undoubtedly cheering.

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2025-12-04 01:50