.CryptoMichNL Here's what $XRP may do before we see upward movement, an analyst says. Ripple XRPnews
Institutional investors grabbing XRP
As covered by U.Today, last week, CoinShares wealth management company saw massive inflows into its digital asset-based funds. XRP was the biggest winner here as investment inflows into thison a weekly basis, $2.2 million month-to-date and $6 million year-to-date. In total, CoinShares holds $48 million worth of XRP under its management.
In the meantime, the two largest crypto assets – Bitcoin and Ethereum – saw major outflows last week as the funds were withdrawn by financial institutions. Bitcoin saw $0.5 million of investments withdrawn and Ethereum lost $5 million last week. XRP investments have been rapidly growing after the recent release of the above-mentioned Hinman documents as the final decision of the judge on the Ripple-SEC case is now expected to be announced quite soon. Should this happen, many expect the XRP price to skyrocket.
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