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XRP ETFs Hint at Massive Accumulation Happening After 29 Days of Positive Inflows

From fxempire.com

What do investors who are buying XRP (XRP) exchange-traded funds (ETFs) know, and what does it say about the future of this altcoin? Data from SoSo Value shows that, for 29 consecutive days, investors have been pouring capital into these vehicles. As a result, the total assets under management (AUM) of all of these funds have reached $1.2 billion. Canary Capital’s XRP ETF has emerged as the largest player in the group with total assets of $324 million, followed by Bitwise’s XRP ETF with $252 million. Data from CoinShares confirms this trend. The total assets of all exchange-traded products (ETPs) linked to XRP ... (full story)

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  • Category: Fundamental Analysis