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XRP ETF Investors Are Now $133M Under Water on Their Bets

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Spot XRP exchange-traded funds (ETFs) logged a $3.28 million net outflow on Oct. 2, all from Bitwise, while their combined assets dropped about $37 million. The Breakdown According to Sosovalue data, U.S. spot XRP ETFs ended Oct. 2 with total net assets of $1.658 billion. One session earlier, on Oct. 1, that figure was $1.695 […] Crypto Insight Analysis: Direction: Bearish XRP Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: ETF outflows signal short-term bearish sentiment for XRP.

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XRP ETF Investors Are Now $133M Under Water on Their Bets — Crypto Insight