Bitwise Resumes XRP ETF Purchases After Five-Day Pause
Bitwise Asset Management has resumed purchasing XRP for its ETF after a five-day trading lull, signaling renewed institutional demand.
Bitwise Asset Management has resumed purchasing XRP for its ETF after a five-day trading lull, signaling renewed institutional demand. XRP (XRP) is trading at $1.25, up 0.8% since this brief published. This is an original TLT brief synthesising 2 outlets (Crypto Economy, U.Today), plus live market data, as of Fri, 30 Oct 2026 20:15:02 UTC.
The resumption of XRP purchases by Bitwise indicates a potential recovery in institutional interest for XRP ETFs, which could influence market sentiment and demand for the cryptocurrency.
- Bitwise bought 2.23M XRP ($2.86M) after five days of no ETF inflows.
- XRP ETF inflows totaled over $8M on the day of Bitwise's purchase.
- The move suggests renewed institutional demand for XRP ETFs.
- XRP price remains down despite ETF activity, following broader market trend.
Both Crypto Economy and U.Today report that Bitwise Asset Management resumed purchasing XRP for its ETF after a five-day pause, with Crypto Economy specifying the purchase amount as 2.23 million XRP ($2.86 million) based on SoSoValue data. U.Today emphasizes the broader implication of renewed institutional demand, while Crypto Economy provides more detailed figures on the transaction and ETF inflows. Both outlets agree on the timing and significance of the resumption but differ in the level of detail provided.
Bitwise Asset Management has resumed purchasing 
XRP for its exchange-traded fund (ETF) after a five-day period without any trading activity, according to data from SoSoValue and reports from Crypto Economy and U.Today.
The asset manager acquired approximately 2.23 million XRP, valued at $2.86 million, on October 29. This purchase coincided with a recovery in XRP ETF inflows, which attracted a combined total of over $8 million during the latest trading session.
The development follows a period of zero trading activity in Bitwise's XRP ETF, indicating a potential return of institutional interest in XRP. This resurgence in demand could have implications for the broader market sentiment towards XRP, although the cryptocurrency's price remains down.
The XRP market has been experiencing volatility, with the cryptocurrency's price currently at $1.24, representing a 3.44% decrease over the past 24 hours and a 5.31% decline over the past week. The total crypto market cap stands at $2.65 trillion, with the overall market trending downwards.
The Fear & Greed Index is at 30, indicating a 'Fear' sentiment among investors. Despite the positive news of Bitwise's XRP purchases, the broader market conditions suggest that investors remain cautious.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.24 to $1.25 — +0.81%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,720.93 (about $1.25), down 1.7% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitwise Resumes XRP ETF Purchases After Five-Day Pause — questions & answers
Why did Bitwise resume XRP purchases?
The resumption likely indicates renewed institutional demand for XRP ETFs after a five-day trading lull.
How much XRP did Bitwise purchase?
Bitwise bought 2.23 million XRP, valued at $2.86 million, according to SoSoValue data.
What is the current state of the XRP market?
XRP is down 3.44% in the last 24 hours and 5.31% over the past week, with a market cap of $78.46 billion.
How much is 1 XRP worth in naira today?
About ₦1,720.93 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.25. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is up 0.81% since this brief first published — trading at $1.25 now versus $1.24 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, U.Today, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.