Source: CryptoNewsNet
Original Title: U.S. Spot XRP ETFs Hit 15-Day Inflow Streak, Near $1B Milestone
Original Link:
U.S. spot XRP exchange-traded funds (ETFs) are on course to top a net $1 billion in inflows in coming days, according to Mati Greenspan, the founder of Quantum Economics.
Introduced on Nov. 14, the ETFs have experienced a 15-day inflow streak that has seen them accumulate a net $897.35 million. Funds from Canary Capital, Grayscale, Bitwise and Franklin Templeton accounted for most of the inflow.
“It will absolutely continue this momentum and reach the milestone shortly. The pathway is already cleared,” Greenspan said.
“In many ways, XRP is being swept up in the broader institutional wave simply because it already has the liquidity, the brand, and now the green light from regulators. That doesn’t mean renewed excitement about the tech itself, but it does explain the strong ETF inflows.”
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U.S. Spot XRP ETFs Hit 15-Day Inflow Streak, Near $1B Milestone
Source: CryptoNewsNet Original Title: U.S. Spot XRP ETFs Hit 15-Day Inflow Streak, Near $1B Milestone Original Link: U.S. spot XRP exchange-traded funds (ETFs) are on course to top a net $1 billion in inflows in coming days, according to Mati Greenspan, the founder of Quantum Economics.
Introduced on Nov. 14, the ETFs have experienced a 15-day inflow streak that has seen them accumulate a net $897.35 million. Funds from Canary Capital, Grayscale, Bitwise and Franklin Templeton accounted for most of the inflow.
“It will absolutely continue this momentum and reach the milestone shortly. The pathway is already cleared,” Greenspan said.
“In many ways, XRP is being swept up in the broader institutional wave simply because it already has the liquidity, the brand, and now the green light from regulators. That doesn’t mean renewed excitement about the tech itself, but it does explain the strong ETF inflows.”