XRP ETFs Accumulate Over 11 Million XRP in Week 57 as Bitwise Leads Holdings
Tracking data shows that XRP exchange-traded fund products collectively accumulated more than 11 million XRP during a recent week, with Bitwise maintaining the largest holdings position. The steady inflow, even across a shortened trading week, is drawing attention to the pace of XRP being moved into institutional custody.
Data from ETF tracking sources indicates that XRP ETF products took in more than 3 million XRP on Friday alone during the most recently tracked week, bringing the total weekly accumulation to over 11 million XRP. This marks the 57th consecutive day of tracking for these products.
Bitwise continues to hold the leading position among the tracked ETF issuers in terms of total XRP held. The consistent accumulation pattern, even during a shortened four-day trading week, is seen as notable by those monitoring institutional product inflows.
The framing around these inflows centers on the supply dynamics of XRP being placed into ETF custody vehicles. As more XRP is locked into these structures, the circulating supply available on open markets decreases, a dynamic that analysts are beginning to reference in discussions about long-term supply and demand balance.
Key facts
- •XRP ETFs accumulated over 11 million XRP in the tracked week
- •Friday alone saw over 3 million XRP inflow into ETF products
- •Bitwise leads among XRP ETF issuers by holdings
- •Tracking is now at day 57 of consecutive monitoring
- •Week was a shortened four-day trading week