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XRP Institutional Inflows Reach $145.8 Million in 7 Days: Report
The Ripple community is abuzz with the latest news regarding institutional inflows into XRP, as reported by a reputable source. According to the data, a whopping $145.8 million has been poured into the asset over a span of just seven days.
This substantial influx of capital has sparked a flurry of speculation about the potential catalysts behind this sudden surge in interest. Many have linked the development to the impending approval of Ripple’s ETF application.
In anticipation of Paul Atkins, an industry-approved pro-crypto regulator, taking the helm at the United States Securities and Exchange Commission (SEC), market participants are bracing for a more favorable regulatory environment that could pave the way for more crypto ETFs and spot ETF products.
The emergence of these innovative financial instruments could unlock new investment opportunities and drive further institutional adoption, which would undoubtedly have far-reaching implications for the broader cryptocurrency space.
However, it remains to be seen whether this optimism is justified or if the inflows are merely a temporary phenomenon.
Source: u.today
