Incoming for XRP... (BIG NEWS)

Incoming for XRP... (BIG NEWS)

On January 10, 2023, the Youtube channel of Only The SAVVY released a new content that caught our attention, this article will be able to give a spotlight on it and why not make you discover this video.

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For your information, you can find below the description of the video Incoming for XRP... (BIG NEWS) published by the Youtube channel Only The SAVVY:

XPR has incoming inflows. Digital-asset funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm CoinShares. Following the collapse of Sam Bankman-Fried’s FTX exchange, and the contagion to other firms, the crypto funds saw some of the biggest outflows in November of 2022. Bitcoin saw outflows of $10 Million, while Ethereum products have seen 8 consecutive weeks of outflows. Although both Bitcoin and Ethereum have been in the green in the past week, (Bitcoin up 3%, Ethereum up 9%, respectively) it seems like the crypto winter is still here, but one shining light seems to be XRP. While XRP had traded sideways in the past week..(well, its technically down 0.1% at the time of writing), the 6th-ranked cryptocurrency saw an inflow of capital, according to CoinShares. CoinShares is Europe’s largest digital asset investment and trading group. CoinShares reported on Monday that despite $9.7 million in cash flowing out of digital asset investment products last week, investors plugged $3 million into XRP. These sorts of products are only available to accredited investors, which must meet certain income requirements per the SEC.
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Incoming for XRP... (BIG NEWS)