A market pundit suggests that the XRP price would need to surge higher to accommodate the accumulation from funds like a potential BlackRock XRP ETF.
Notably, the Canary Capital XRP ETF (XRPC), which went live on Nov. 13, has performed exceptionally well despite the bearish mood across the crypto market. This has led to increased discussions around the potential impact of more XRP ETFs.
XRP Price Must Rise to Accommodate ETF Accumulations
Specifically, XRPC brought in $245 million on its first day and has maintained inflows for four straight days. Most recently, it added another $15.82 million on Nov. 19, lifting total inflows to $292.61 million. At current prices, this amount equals more than 138 million XRP collected in just four days.
This rise in ETF-driven demand has encouraged community commentators to look ahead, as they estimate how much buying pressure could build once more XRP ETFs begin trading
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Here’s How Much XRP a BlackRock ETF with $100B Would Hold if XRP Hits $220
A market pundit suggests that the XRP price would need to surge higher to accommodate the accumulation from funds like a potential BlackRock XRP ETF.
Notably, the Canary Capital XRP ETF (XRPC), which went live on Nov. 13, has performed exceptionally well despite the bearish mood across the crypto market. This has led to increased discussions around the potential impact of more XRP ETFs.
XRP Price Must Rise to Accommodate ETF Accumulations
Specifically, XRPC brought in $245 million on its first day and has maintained inflows for four straight days. Most recently, it added another $15.82 million on Nov. 19, lifting total inflows to $292.61 million. At current prices, this amount equals more than 138 million XRP collected in just four days.
This rise in ETF-driven demand has encouraged community commentators to look ahead, as they estimate how much buying pressure could build once more XRP ETFs begin trading