XRP Scores Yet Another Prominent Supporter
Analysis
Price Impact
MedEndorsement from prominent portfolio manager michael a. gayed, known for his market analysis, alongside strong inflows into spot xrp etfs, signals growing mainstream and institutional interest, which could positively influence sentiment and demand.
Trustworthiness
HighThe news is reported by a reputable crypto news outlet and concerns a verified public figure in traditional finance. etf inflow data is also verifiable.
Price Direction
BullishThe endorsement from a prominent traditional finance figure like michael a. gayed, who is critical of bitcoin maximalism, could shift some traditional investor sentiment towards xrp. combined with consistent strong inflows into xrp spot etfs ($900m aum), this indicates increasing institutional demand and positive market sentiment.
Time Effect
LongIncreased institutional interest and endorsements from mainstream finance figures tend to build sustained, long-term positive sentiment and adoption rather than just short-term price spikes.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News Michael A. Gayed, portfolio manager at Toroso Investments and publisher of The Lead-Lag Report, has seemingly endorsed the XRP token. Advertisement On the X social media network, Gayed has stated that he might get “annoying” about the token while also teasing something XRP-related. Some members of the community behind one of the leading altcoins see Gayed’s posts as a signal of growing mainstream interest in XRP from traditional finance professionals. HOT Stories XRP Scores Yet Another Prominent Supporter Crypto Market Prediction: XRP's Last Chance Before $1, Another Bitcoin (BTC) Wave to Set $100,000 in Stone, Shiba Inu (SHIB) Comeback to the Bottom is Possible Ethereum’s Buterin Advocates for Stronger Crypto XRP Hits Astonishing 1,694,200% Liquidation Imbalance, Vitalik Buterin Breaks Silence on Ethereum Outage, $185 Million in Bitcoin Exits Binance in Minutes – Crypto News Digest He is the publisher of The Lead‑Lag Report, which is a market research service that aims to provide risk signals, macro observations, and actionable investing ideas. Advertisement Gayed has been featured on CNBC as well as other financial platforms. As reported by U.Today, Barstool Sports founder Dave Portnoy also recently revealed that he had purchased $1 million worth of XRP. ETF criticism Gayed has historically been critical of Bitcoin maximalism and the “digital gold” narrative. On Nov. 17, he stated, "Bitcoin ETFs were the worst thing to happen to Bitcoin." The portfolio manager later argued that BlackRock had made more money on Bitcoin ETFs than retail investors did. He sees ETFs as benefiting issuers more than investors, exacerbating retail losses. The timing of his endorsement coincides with strong inflows into U.S. spot XRP ETFs. As of today, nine spot XRP ETFs have accumulated approximately $900 million in assets under management since their launch, with daily inflows continuing in the $10–15 million range. Major issuers of spot XRP ETFs include Franklin Templeton, Bitwise, 21Shares, ProShares, and Grayscale. #XRP News