Bitwise XRP ETF is trading at $12.35 (-3.14%) as hotter-than-expected CPI data and a broader risk-off sentiment pressure the cryptocurrency market.
- The decline follows a wider trend in digital assets, with Bitcoin down 2.74% and Ethereum losing 2.06% since the previous close.
- No company-specific news or catalysts have been identified for the move, pointing to macroeconomic factors as the primary driver.
- Broader market caution and weaker index performance continue to weigh on crypto-related investment vehicles.