Markets· ★★★★· bearish·

XRP ETFs Hoard 1.18 Billion XRP Ahead of Ripple's 1 Billion Unlock

  • —Seven XRP ETFs hold 1,179.62 million XRP worth $1.82 billion, or 1.18% of supply
  • —Bitwise leads with 413.1 million XRP after $58.99 million weekly inflow
  • —Net assets of $1.77 billion sit below $1.79 billion in cumulative inflows
  • —Ripple's escrow can release up to 1 billion XRP on Oct. 1
Why it matters: The 1 billion XRP unlock equals about 85% of everything U.S. ETFs have accumulated and could add selling pressure with XRP already at $1.48.
#XRP#BTC
Source: Bitcoin.com
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