Bitwise's XRP ETF now holds $541 million in net assets, crossing the half-billion-dollar mark while most crypto funds are losing money this week. With total inflows of about $685 million since launch, traders are now watching whether this steady fund buying can keep XRP above $1.30.
Key points:
• Bitwise's XRP ETF has passed $541 million in net assets, according to SoSoValue data as of October 17.
• Total net inflows into the fund now stand at about $685 million since it launched.
• XRP is holding near $1.30, and steady ETF demand is its strongest support right now.
The numbers come from SoSoValue data reported by U.Today. Bitwise has been pulling in the largest amount of new capital on most trading sessions among XRP ETF issuers, and its consistent buying has quietly built the biggest single pool of XRP held through a US fund. For a coin that spent years fighting legal and regulatory battles, a half-billion-dollar fund is a strong sign that big investors now treat XRP as a normal part of the market.
Why does this fund money matter?
Spot XRP ETFs have to hold real XRP in custody, so every dollar that flows into the fund turns into actual buying of the coin. That steady bid is one reason XRP is holding around $1.30 even while the wider market stays nervous after hot US inflation data, with Bitcoin stuck in a tight range near $81,600. Fund demand does not move the price every hour, but it keeps a floor of buyers under the market.
The contrast with the rest of the market is sharp. CoinShares counted about $434 million of outflows from crypto investment products in the week to October 16 after US inflation came in at 3.7%, and Ethereum funds were hit especially hard. XRP products, led by Bitwise, kept attracting money instead — a clear sign that investors are being selective rather than leaving crypto altogether.
What happens next?
Traders will watch the next SoSoValue flow prints to see if Bitwise keeps leading the daily sessions, and whether XRP can keep holding the $1.30 area while Bitcoin decides its next move. If fund inflows stay positive while other coins bleed, XRP could keep its quiet strength — but a sudden turn to outflows would remove the floor that has been supporting the price.
— Crypto News Daily News Desk
This post is news only, not financial advice. Always do your own research before buying or selling crypto.
Sources: U.Today, SoSoValue, CoinShares, AMBCrypto
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