BNY just opened custody for $XRP and RLUSD, and the price still fell.
Facts:
• BNY expands Ripple custody to XRP and RLUSD for eligible institutions
• XRP trades near $1.22, about -6.8% in 24h (crypto.news)
• Spot XRP ETFs logged zero net inflows again; cumulative inflow $1.81B (SoSoValue)
Good infrastructure news got steamrolled by a tech-led risk-off day. Rails are being built, but flows decide price. Worth watching: whether ETF inflows restart once the Nasdaq calms down.
Does institutional custody matter more for $XRP than ETF flows: yes or no?
Not financial advice.
#XRP #Ripple #BNY #Crypto
Facts:
• BNY expands Ripple custody to XRP and RLUSD for eligible institutions
• XRP trades near $1.22, about -6.8% in 24h (crypto.news)
• Spot XRP ETFs logged zero net inflows again; cumulative inflow $1.81B (SoSoValue)
Good infrastructure news got steamrolled by a tech-led risk-off day. Rails are being built, but flows decide price. Worth watching: whether ETF inflows restart once the Nasdaq calms down.
Does institutional custody matter more for $XRP than ETF flows: yes or no?
Not financial advice.
#XRP #Ripple #BNY #Crypto