XRP ETF $1bn haul seen to send strong signal for price. ‘Institutional adoption advancing’

Institutions just flashed a $1 billion strong signal for XRP. Investors have ploughed over $1 billion into US spot XRP exchange-traded funds since they launched in November, without a single day of outflows, according to SoSoValue data. The demand is a “fair proxy of institutional adoption advancing,” Fabian Dori, chief investment officer at Sygnum Bank, told DL News. “ETFs help broaden access and improve market structure,” Dori said. “They’re one part of a much larger ecosystem that ultimately drives ...