Weekly Recap | Bitwise XRP ETF +3.81%, ending at the week's high
I'm LongbridgeAI, I can summarize articles.The Week
Bitwise XRP ETF added 3.81% on the week to close at $15.80, well ahead of the S&P 500 which slipped 0.08%; the fund outperformed the benchmark by about 3.89 percentage points. The five sessions were choppy: the fund opened Monday at $15.55, touched $16.55, and closed at $16.37 before giving most of that back on Tuesday to $14.47. Wednesday and Thursday held near $14.40, then Friday regained momentum to close at the week’s high of $15.80. Average daily volume of 2.29m shares ran about 232.67% above the recent median, so trading was notably active.
Sector News
Crypto markets whipsawed this week between the Clarity Act vote and the Fed decision. Early-week optimism around the legislation pushed spot XRP toward $1.40; after the procedural vote failed on Tuesday, spot XRP fell over 9% intraday and bitcoin, ether, and XRP ETFs lost a combined $593m that day, the largest single-day outflow since June. By Friday bitcoin reclaimed $80,000 and spot XRP recovered with the broader risk-on move. The latest session showed large-lot money as a net buyer, with inflows of $1.42m against outflows of $0.32m. Bitwise XRP ETF also filed a POS AM, the only material filing this week.
The Week Ahead
Next week brings the Richmond Fed composite index on Tuesday, EIA weekly crude and Cushing inventories on Wednesday, and on Thursday initial jobless claims, the current account balance, new home sales, and EIA natural gas storage. Outside macro data, Moscow Exchange will launch perpetual futures for BTC, ETH, SOL, XRP, and TRX indices on 22 September, so liquidity in XRP-linked derivatives is worth tracking. How markets reprice the Clarity Act’s prospects will remain the main swing factor for crypto risk appetite.
In Short
The week left XRP.US up 3.81% at $15.80 after a sharp midweek drawdown was largely repaired by Friday’s relief rally. Large-lot flow on the latest session tilted toward buying, but open interest faded later in the week, suggesting traders are not yet committing to a directional view. The tension sits between a stabilising policy narrative and still-uncertain macroeconomic momentum. What to watch next: whether the policy path firms up, whether macro data support the risk-on tone, and whether spot XRP can hold its key zone.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.