Ripple’s CEO Calls for Equal Regulations as XRP ETF Inflows Surge
- Ripple CEO Brad Garlinghouse emphasized the need for the cryptocurrency industry to have protections similar to other asset classes.
- Standard Chartered forecasts an additional $4 billion to $8 billion in inflows into U.S. spot XRP exchange-traded funds if a new bill passes.
- Since January, XRP ETFs have attracted approximately $1.4 billion, according to SoSoValue data.
- Despite declining prices, metrics on the XRP Ledger show record payment counts and tokenized asset activity this year.
- Santiment noted that development activity and institutional products are advancing even as social enthusiasm wanes.
The current sentiment around XRP has fallen to an eight-month low, which historically has coincided with significant rebounds in price when public interest was low.
With projected inflows of up to $8 billion into XRP ETFs, the market is poised for potential growth despite current negative sentiment indicators.(Source)
