CoinShares data reveals a significant uptick in inflows, with $2.2 million entering XRP-related products, fuelling speculation about XRP potentially securing an ETF.
Despite positive indicators, BlackRock denies plans for an XRP ETF, citing regulatory uncertainties. The denial prompts a price drop, with XRP falling 2.08% to $0.5492.
CoinShares data indicates a substantial increase in inflows, with $2.2 million pouring into XRP-related products, a significant jump from the previous week’s $900,000. This surge aligns with growing speculation that XRP might be the next cryptocurrency to secure an ETF, following Bitcoin.
BlackRock CEO Larry Fink added to the intrigue during a recent interview on FBN. When questioned about the likelihood of XRP ETFs, his cryptic response, “I can’t talk about that!” fueled further speculation in the market.
XRP has solidified its position as the second-best performer among altcoins in 2024, trailing only behind Cardano (ADA). Notably, XRP ETPs have a

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