Bitwise CEO Praises XRP ETF Performance Amid Record-Setting Inflows, Here Are...
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. […]
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Bitwise CEO Hunter Horsley says the firm’s XRP spot ETF has moved into the top slot in the US market, edging out rivals on assets as the category’s liquidity and asset base continue to expand. “The Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in America. $10,000,000 inflows so far this week. […]
The fund manager’s inflows suggest investors are seeking broad exposure to cryptocurrencies, including Bitcoin and Ether. Leading crypto fund manager Bitwise Asset Management reached a major milestone in the fourth quarter of 2020 as inflows into its products surged to new record highs, underscoring heightened institutional demand for digital assets.The firm’s assets under management, or AUM, surpassed $500 million, according to a Monday press release. That’s a considerable increase from the $100 million in AUM held on Oct. 28, 2020. The press release reads:“Bitwise saw record inflows into....
Bitcoin and altcoins have not had the best week according to reports coming out of the market. The crypto market as a whole has been enjoying months of continuous inflows following hot on the heels of the recent market rally. It has pushed crypto-assets such as bitcoin towards new highs as inflows had hit a new record alongside assets under management. But it seems that this is changing. Coming off the back of what was 17 consecutive weeks of inflows, the market is now seeing movement in the opposite direction. While assets such as ethereum had previously recorded outflows at various....
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