XRP ETF? Ripple CEO Slams SEC Chair Gary Gensler
While we're still trying to absorb all the Bitcoin ETF euphoria, XRP ETFs could already be emerging. Like a dog with a bone staring at his reflection, institutional investors aren't stopping with Bitcoin ETFs.
Data from Coinshares shows volume in XRP has surged 244% in inflows with $2.2 million flooding in. The previous week only saw $900,000. The figure comes as digital asset investment products saw $1.18bn inflows last week. Trading volumes were $17.5 billion in the same period, marking the highest on record. 2022 saw an average of $2 billion per week.