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Markets · Investing · Business
Finance
XRP ETFs Continue to See Significant New Inflows. Does That Make XRP a Buy Right Now?
The Bitwise XRP ETF and some of its counterparts have been hauling in assets of late, but that's not a clear "buy" signal.
By market capitalization, XRP(CRYPTO: XRP) is the fifth-largest cryptocurrency. That prominence is reflected in the world of exchange-traded funds (ETFs), where a dozen products are dedicated to the asset once loosely known as "Ripple."
Not all XRP ETFs are large, but only six have more than $100 million in assets under management (AUM). Home to $520 million in assets, the Bitwise XRP ETF(NYSEMKT: XRP), which clearly has a strong ticker game, is the king of the XRP ETF category.
Inflows into XRP ETFs appear encouraging, but the cryptocurrency faces headwinds. Image source: Getty Images.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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