Bitwise Updates XRP ETF Prospectus as Inflows Hit $415M
- —Bitwise XRP ETF cumulative net inflows reached $415.07 million
- —The fund drew about $38.4 million from September 22 to 25
- —Sponsor fee is 0.34% annually; Coinbase Custody serves as custodian
- —Shares are created and redeemed in 10,000-share baskets
Why it matters: Growing inflows into XRP ETFs strengthen institutional demand for the token and could support its price.
Source: CoinGape