XRP Is About To Hit A Major Turning Point This Week, Analyst Says

According to market observers, this week could mark a turning point for XRP as five spot ETFs trade at the same time for the first full week. 21Shares’ XRP fund (TOXR) launched today, joining Bitwise, Grayscale, Franklin Templeton and Canary Capital. Reports have disclosed that ETF inflows have already topped Over $660 million in less than a month, with zero outflows across 10 consecutive trading days. Related Reading: Bitcoin Miners Face A Harsh December: Rising BTC Difficulty, Falling Hashprice 5 ETFs Trade Together Bitwise recently increased its XRP holdings to 80 million tokens. ETF managers now hold more than $687 million in assets, which represents just over 300 million XRP on record. 21Shares debuted with a $500,000 seed basket and charges a 0.50% management fee. Based on reports, competition among issuers will reveal how aggressively these funds plan to keep buying over the long term. Demand Model A price-path sensitivity simulation run by Mohamed Bangura was shared by analysts