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Bitwise unexpectedly sells $3.58M in XRP amid price volatility, sparking market concern.

Market News
06 Aug 2026
UToday
View Source
Bearish
pluang ai news

Bitwise, a major crypto investment firm and XRP ETF issuer, sold about $3.58 million of its XRP holdings on August 6, 2026. This move surprised the market as Bitwise had been consistently buying XRP since launching its ETFs. The sale comes amid XRP's ongoing price decline and volatility, which has caused caution among investors. While some see this as a bearish sign, others believe it may be a temporary reaction to market uncertainty rather than a shift in Bitwise's long-term view on XRP.

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