Bitwise CEO Shares XRP’s Impressive Inflows
Analysis
Price Impact
HighImpressive inflows into bitwise's xrp etf, coupled with major players like grayscale and franklin templeton joining the xrp etf race, signal growing institutional interest and potential for significant capital influx into xrp.
Trustworthiness
HighInformation directly from bitwise ceo hunter horsley regarding actual etf inflows, and reports of other reputable firms entering the xrp etf market.
Price Direction
BullishIncreased institutional investment via etfs provides a new demand channel for xrp, which historically has a strong positive correlation with price appreciation due to increased liquidity and adoption.
Time Effect
LongInstitutional adoption and sustained inflows into etfs typically manifest as long-term price support and appreciation, rather than just short-term pumps, as they represent fundamental market shifts.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News Bitwise CEO Hunter Horsley recently took to the X social media network to highlight the impressive inflows recorded by the firm's XRP ETF. Advertisement "Grateful to investors for entrusting Bitwise to steward their investments," he said. The Bitwise XRP ETF began trading under the "XRP" ticker on Nov. 20. The management fee is 0.34%, but Bitwise waived that fee for the first month on the first $500 million in AUM Advertisement The ETF launched during a volatile crypto market. Major cryptocurrencies recorded major price drops, with the XRP token plunging below $2. Other key players Earlier today, Grayscale joined the XRP ETF race with its own fund tracking the red-hot token. Some other key players include Canary Capital and Franklin Templeton. #XRP News #ETF