XRP skyrockets with massive fund inflows, despite half-billion FUD and Ripple v. SEC drama
There was a big change in the cryptocurrency investment landscape this week. Overall, investors became less optimistic, to put it mildly, resulting in a $528 million outflow from digital asset exchange-traded products . On the other hand, XRP-focused investment products stood out as a notable exception, attracting $400,000 in new capital, according to . This is another week in a row that XRP has seen inflows, showing that more and more investors are interested in the digital asset.
Before the ruling, there was a continuous rise in investment into XRP ETPs, which is similar to what we are seeing now. After the good news came through, XRP shot up 100% in a single day.There is no guarantee of a similar spike, but the current influx of capital into XRP ETPs suggests that some investors are positioning themselves for a potential positive outcome in the Ripple case.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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