Search results for GXRP
Crypto
XRP sheds liquidation pressure, but rebound hinges on ETF demand and spot buying
XRP has reduced market instability by shaking out excessive leverage during its late-June slide, but the durability of its rebound depends on whether exchange-traded funds and spot buying can provide fresh demand, an analysis said. XRP traded around $1.08, up about 2.7 percent in seven days, with derivatives still dominating activity. ETF flows into XRP have been positive but remain small compared with outflows from bitcoin and ether spot ETFs.
Crypto
Bitwise leads XRP spot ETF inflows with 33 percent share
Bitwise\'s XRP spot exchange-traded fund has become the first XRP spot ETF to surpass $500 million in cumulative net inflows. As of July 7, cumulative net inflows stood at $500.115 million, according to The Crypto Basic. The fund led growth in the XRP spot ETF market in recent weeks and held 33 percent of total market inflows of $1.49 billion. Rival products remained below $500 million in cumulative inflows.
Crypto
How far can demand for XRP spot ETFs go? Grayscale says they could absorb 5 to 6 percent of supply
XRP spot exchange-traded funds could absorb 5 to 6 percent of XRP’s circulating supply in the short term, a forecast said. Grayscale Investments research head Zach Pandl said on a podcast that all listed XRP ETFs combined could ultimately hold about 5 to 6 percent of supply, calling it an initial estimate. XRP spot ETFs have recorded cumulative net inflows of $1.42 billion since launch, though total net assets slipped with recent price declines.
