Analyst: If XRP ETF is approved, it may bring in $800 million in funds in the first week
This article is machine translated
Show original
According to the news from Mars Finance, Luca Sorlini, the product manager of the virtual asset service provider Northstake, said that once the XRP ETF is approved, the reasonable range of capital inflow in the first week will be between $400 million and $800 million. Luca Sorlini said that his forecast depends on various factors, including the overall market conditions, the number of competing ETFs that will be launched simultaneously if approved, and more importantly, the interest of institutions in this issuance. Gabe Selby, the head of research at the crypto index provider CF Benchmarks, also made a similar prediction, saying that the XRP ETF could bring "nine-figure" positive inflows.
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content