Bitwise XRP ETF is trading 6.3% down at $12.30 following a broad risk-off move hitting cryptocurrencies and growth assets after a stronger-than-expected May jobs report.
- The underlying XRP token has fallen about 5.8%, while Bitcoin and Ethereum are down roughly 3.7% and 8.4%, respectively, pressuring spot XRP ETFs.
- Major U.S. indices are also lower as the jobs data reduced hopes for near-term rate cuts, indicating the selloff is macro-driven rather than tied to XRP-specific news.