#xrpetf
Why XRP’s sudden popularity with institutions means it will be ‘an outperformer’
Institutions gobbled up $37m in XRP last week.
Bitcoin and Ethereum suffered outflows.
'XRP is likely to be an outperformer.'
#xrpetf XRP might be on the verge of a major price rally.
Last week, institutional investors bagged $37 million worth of XRP even as most cryptocurrencies struggled to attract capital, according to research firm CoinShares.
This surge places XRP just $1 million behind Ethereum in yearly inflows. More than $772 million has flowed out of Ethereum in the past eight weeks.
There are a number of factors at work with XRP, the cryptocurrency Ripple uses to facilitate cross-border payments. One is the US Securities and Exchange Commission’s decision to drop its long-running litigation against the company.