Bitwise's XRP ETF has seen fresh cash flow even as XRP itself lags behind other cryptocurrencies. This may indicate quiet accumulation, suggesting that investors are still interested in the asset despite its recent performance.
The Bitwise XRP ETF is a fund that tracks the price of XRP, and its recent inflows suggest that some investors are taking a cautious approach to the token. Backtesting results show that this strategy has performed well in the past, with returns increasing by 20% annually over the long term.
It's worth noting that backtested performance is not an indicator of future actual results, and there may be material economic and market factors at play that could impact the decision-making process. However, for now, it seems that some investors are still optimistic about XRP's potential.