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Bitwise XRP Spot ETF Records $3.04 Million Net Inflow; Cumulative Inflows Reach $1.23 Billion

Bitwise XRP Spot ETF Records $3.04 Million Net Inflow; Cumulative Inflows Reach $1.23 Billion

According to SoSoValue, Bitwise’s XRP Spot ETF saw $3.04 million net inflows on Feb. 24, lifting cumulative inflows to $1.23 billion; total NAV stood at $981 million with a 1.18% XRP allocation.

XRP

Fact Check
Multiple credible and relevant sources, including Binance, KuCoin, MEXC News, U.Today, and BSC News, consistently report inflow figures for the Bitwise XRP Spot ETF and cumulative totals for XRP spot ETFs. Binance's post explicitly mentions a net inflow figure in the $3 million range and confirms the $1.23 billion cumulative inflows across XRP spot ETFs. KuCoin and MEXC corroborate the cumulative total of $1.23 billion while providing similar weekly net inflow amounts, with some minor variations (e.g., $1.84 million vs $3.04 million). These variations could be due to reporting time frames or slight discrepancies in data collection but do not fundamentally contradict the core claim. Morningstar and US News confirm the existence and legitimacy of the Bitwise XRP ETF, enhancing the credibility of the figures reported by the more crypto-market-focused sources. The combination of consistent cumulative total data and multiple confirmations of substantial net inflows into the Bitwise XRP Spot ETF strongly supports the truthfulness of the statement, although one minor discrepancy in the exact net inflow figure introduces a small degree of uncertainty.
Summary

Bitwise’s XRP Spot ETF recorded a $3.04 million net inflow on February 24. According to SoSoValue data, cumulative inflows reached $1.23 billion, total net asset value stood at $981 million, and the XRP allocation ratio was 1.18%. The update reflects current fund positioning and inflow momentum based on the latest metrics.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly holds the underlying asset, such as a cryptocurrency, rather than derivatives.
  • Net Inflows: The amount of new capital entering a fund after subtracting withdrawals over a specific period.
  • Net Asset Value (NAV): The total value of a fund’s assets minus its liabilities, reported in aggregate or per share.