Bitwise XRP ETF Attracts Fresh Inflows Amid Token Price Slump

The Bitwise XRP ETF has attracted fresh inflows despite a slump in its underlying token. On June 23, 2026, the fund received $5.31 million, indicating that some investors are treating recent weakness in XRP as an entry point rather than a lasting trend break.

The latest subscription accounts for roughly 1.86% of AUM, a meaningful single-day swing for a niche crypto vehicle. The ETF now has assets under management standing at $284.7 million.

However, the related asset, XRP-USD, is currently trading at $1.0297 after a volatile stretch that has left it down about 24.34% over the past three months. Short-term momentum remains under pressure, with the 1-day technical signal flashing Sell, suggesting traders are still cautious.

The divergence between renewed ETF demand and weak token performance highlights a familiar pattern in crypto markets, where institutional-style vehicles can attract capital even as spot prices struggle.