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Stock impact report

XRP ETFs rake in $1bn but some analysts are taking a contrarian view: ‘Expect minimal growth' [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
“Investing is all about growth potential and who is building on top of a blockchain,” Brian Huang, co-founder of investment platform Glider, told DL News. “When we look at a16z's builder mindshare, XRP doesn't even show up.” But showing up on Andreessen Horowitz's builder list might not matter since XRP ETFs have been crushing it. Following their launch in mid November, XRP ETFs — which have amassed $1.2 billion — have recorded inflows every day except for one, according to SoSoValue data. That performance sharply outpaces Bitcoin ETFs, which saw $2.4 billion in outflows over the same period, and Ethereum ETFs, which bled $898 million, per data from DefiLlama. Much of the XRP inflow has come from institutions that like Ripple's approach to compliance. XRP “has the most to gain” from the successful passage of the Clarity Act, “which is looking likely,” Katherine Dowling, president of the Bitcoin Standard Treasury Company previously told DL News Ripple “has notched a numb Show less Read more
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