Bitwise XRP ETF Leads Eight Weeks of Asset Growth

XRP exchange-traded funds have seen eight consecutive weeks of asset growth, signaling strong institutional interest. Bitwise leads the category with its XRP ETF, which currently manages 520 million dollars in assets and attracted 127 million dollars in new capital over the last three months.

Despite these inflows, the price of the cryptocurrency fell 5% over the past week. This decline follows uncooperative inflation data and expectations that the Federal Reserve System will implement interest rate hikes.

Market volatility is expected to persist as the September 15 deadline for the Clarity Act approaches. XRP has previously shown vulnerability to this specific piece of legislation, adding further uncertainty to the asset's short-term performance.