XRP ETFs End 13-Week Inflow Run With $1.84 Million In Withdrawals

Share

US spot XRP ETFs recorded a net outflow of $1.84 million for the trading week of October 12 to 16, ending a streak of 13 consecutive weeks of positive inflows that began in July. The weekly reversal was driven primarily by Canary Capital’s XRPC product, which accounted for $2.47 million in outflows on Friday alone. The flows reversed as XRP traded around $1.30. With cumulative net inflows of approximately $1.8 billion since launch, this weekly reversal remains marginal relative to the total assets under management of these products.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items