🔴 Bitwise XRP ETF is trading 3.2% down today on broader crypto weakness and Fed rate concerns

Bitwise XRP ETF is trading 3.2% down at $12.79 on broader crypto weakness and the Federal Reserve's hawkish rate stance.

• The decline extends a three-day pullback following a sharp spike on June 15 and subsequent losses on June 16–17.
• Spot XRP has dropped roughly 2.6% over the last 24 hours, contributing to the downward momentum.
• Broader market sentiment remains risk-off as investors react to the Fed’s higher-for-longer interest rate projections.