Investors increasingly confident of Ripple’s victory over SEC: CoinShares
Recent developments in the Ripple vs. Securities and Exchange Commission (SEC) case appear to have bolstered investor confidence in XRP tied investment products, according to investment data from CoinShares’ head of research, James Butterfill.
In its latest Digital Asset Fund Flows published on Nov. 7, Butterfill noted that XRP investment products have seen a third consecutive week of institutional inflows, clocking $1.1 million. Butterfill said the figures imply “improving investor confidence as the SEC case against Ripple looks increasingly fragile.”. The last few weeks have seen Ripple Labs gaining increasing support from heavy hitters in the crypto industry including Coinbase and the Blockchain Association.
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