Investors Growing Confident of Ripple's SEC Victory: CoinShares
XRP investment products saw a third straight week of inflows, suggesting investors may be growing more confident in the Ripple win.
New
Recent developments in Ripple's case against the Securities and Exchange Commission (SEC) appear to have bolstered investor confidence in XRP (XRP)-linked investment products, according to head research investment data at CoinShares, James Butterfill.
In its latest digital asset fund feeds published on November 7, Butterfill noted that XRP investment products saw a third consecutive week of institutional inflows, recording $1.1 million.
>Butterfill said the numbers imply "improving investor confidence as the SEC's case against Ripple looks increasingly shaky."
The past few weeks have seen Ripple Labs gain increasing support from heavyweights in the crypto industry, including Coinbase and the Blockchain Association.
In a Nov. 4 post, Ripple's General Counsel Stuart Alderoty announced to his 89,000 followers that "a dozen independent voices – companies, developers, exchanges, public interests and trade associations, retailers" had offered their help in explaining how "dangerously wrong the SEC is".
A dozen independent voices - companies, developers, exchanges, public interest and trade associations, retailers - all file in SEC v Ripple to explain how wrong the SEC is dangerously. The SEC's response? We need more time, not to listen or engage, but to bulldoze blindly. https://t.co/PRgvwI9m2X
— Stuart Alderoty (@s_alderoty) November 3, 2022Other entities supporting Ripple include non-profit organization Investor Choice Advocates Network, crypto mobile app SpendTheBits and the Crypto Council for Innovation, as well as the XRP “decentralized community”
A total of 12 independent entities pledge legal support to Ripple.
H...
XRP investment products saw a third straight week of inflows, suggesting investors may be growing more confident in the Ripple win.
New
Recent developments in Ripple's case against the Securities and Exchange Commission (SEC) appear to have bolstered investor confidence in XRP (XRP)-linked investment products, according to head research investment data at CoinShares, James Butterfill.
In its latest digital asset fund feeds published on November 7, Butterfill noted that XRP investment products saw a third consecutive week of institutional inflows, recording $1.1 million.
>Butterfill said the numbers imply "improving investor confidence as the SEC's case against Ripple looks increasingly shaky."
The past few weeks have seen Ripple Labs gain increasing support from heavyweights in the crypto industry, including Coinbase and the Blockchain Association.
In a Nov. 4 post, Ripple's General Counsel Stuart Alderoty announced to his 89,000 followers that "a dozen independent voices – companies, developers, exchanges, public interests and trade associations, retailers" had offered their help in explaining how "dangerously wrong the SEC is".
A dozen independent voices - companies, developers, exchanges, public interest and trade associations, retailers - all file in SEC v Ripple to explain how wrong the SEC is dangerously. The SEC's response? We need more time, not to listen or engage, but to bulldoze blindly. https://t.co/PRgvwI9m2X
— Stuart Alderoty (@s_alderoty) November 3, 2022Other entities supporting Ripple include non-profit organization Investor Choice Advocates Network, crypto mobile app SpendTheBits and the Crypto Council for Innovation, as well as the XRP “decentralized community”
A total of 12 independent entities pledge legal support to Ripple.
H...
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