XRP Defies the Trend with Accumulation, Institutions Continue to Increase Holdings, Could Be the Biggest Winner of This Rebound
On December 8, during last week's trading days (Eastern Time, December 1 to December 5), XRP spot ETFs saw a net inflow of $231 million for the week.
The XRP spot ETF with the highest net inflow last week was Grayscale XRP ETF GXRP, with a weekly net inflow of $140 million. Currently, GXRP's total historical net inflow has reached $212 million. Next was Franklin XRP ETF XRPZ, with a weekly net inflow of $49.29 million, and XRPZ's total historical net inflow has reached $135 million.
The total net asset value of all XRP spot ETFs is $861 million, with an ETF net asset ratio (market value as a percentage of total Bitcoin market value) of 0.71%. The cumulative historical net inflow has reached $897 million.
Strategy: Go long around 2.07-2.04, target 2.19 in the short term, and 2.51 in the mid-to-long term.
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XRP Defies the Trend with Accumulation, Institutions Continue to Increase Holdings, Could Be the Biggest Winner of This Rebound
On December 8, during last week's trading days (Eastern Time, December 1 to December 5), XRP spot ETFs saw a net inflow of $231 million for the week.
The XRP spot ETF with the highest net inflow last week was Grayscale XRP ETF GXRP, with a weekly net inflow of $140 million. Currently, GXRP's total historical net inflow has reached $212 million. Next was Franklin XRP ETF XRPZ, with a weekly net inflow of $49.29 million, and XRPZ's total historical net inflow has reached $135 million.
The total net asset value of all XRP spot ETFs is $861 million, with an ETF net asset ratio (market value as a percentage of total Bitcoin market value) of 0.71%. The cumulative historical net inflow has reached $897 million.
Strategy: Go long around 2.07-2.04, target 2.19 in the short term, and 2.51 in the mid-to-long term.