š„šØš„ $XRP ETFs LOSE US$85 MILLION IN ONE WEEK! WHAT'S HAPPENINGā
š„ XRP funds ended a worrying week without recording a single day of positive net inflows!
But there's a surprising detail that changes how we interpret the numbers!
š US$85 MILLION DISAPPEARED FROM ASSETS UNDER MANAGEMENT!
According to SoSoValue data reported by BitNotĆcias:
š“ Assets under management on November 2: US$1.425 billion.
š“ Assets under management at the close: US$1.34 billion.
š Approximate decrease: 5.96%!
ā ļø BUT DID INVESTORS WITHDRAW ALL THAT MONEY?
ā NO!ā“
š° Net outflows totaled just US$529,500!
Most of the decline in assets under management was caused by the depreciation of assets held by the funds.
Between November 3 and 6, the ETFs recorded four consecutive trading sessions with zero net flows.
š„ INSTITUTIONAL FUNDRAISING SLOWED DOWN!
š September: US$121.4 million in net inflows.
š October: US$18.8 million.
š» An 84.5% drop in the monthly pace of fundraising!
š AND WHAT ABOUT THE PRICE OF XRP?ā“
On November 7, at 9:20 a.m. BrasĆlia time, XRP was trading near US$1.17, down 2.6% over 24 hours.
ā” BINANCE RECORDS MASSIVE MOVEMENT!
On November 4, approximately 418.5 million $XRP left Binance in a single day!
It was the highest daily withdrawal volume in nine months, according to the report.
ā ļø These transfers do not prove that large investors are buying or accumulating.
š§ THE BIG WARNING: A decline in ETF assets under management does not necessarily mean investors are fleeing!
#XRPā #RippleXRP #ETFs
š„ XRP funds ended a worrying week without recording a single day of positive net inflows!
But there's a surprising detail that changes how we interpret the numbers!
š US$85 MILLION DISAPPEARED FROM ASSETS UNDER MANAGEMENT!
According to SoSoValue data reported by BitNotĆcias:
š“ Assets under management on November 2: US$1.425 billion.
š“ Assets under management at the close: US$1.34 billion.
š Approximate decrease: 5.96%!
ā ļø BUT DID INVESTORS WITHDRAW ALL THAT MONEY?
ā NO!ā“
š° Net outflows totaled just US$529,500!
Most of the decline in assets under management was caused by the depreciation of assets held by the funds.
Between November 3 and 6, the ETFs recorded four consecutive trading sessions with zero net flows.
š„ INSTITUTIONAL FUNDRAISING SLOWED DOWN!
š September: US$121.4 million in net inflows.
š October: US$18.8 million.
š» An 84.5% drop in the monthly pace of fundraising!
š AND WHAT ABOUT THE PRICE OF XRP?ā“
On November 7, at 9:20 a.m. BrasĆlia time, XRP was trading near US$1.17, down 2.6% over 24 hours.
ā” BINANCE RECORDS MASSIVE MOVEMENT!
On November 4, approximately 418.5 million $XRP left Binance in a single day!
It was the highest daily withdrawal volume in nine months, according to the report.
ā ļø These transfers do not prove that large investors are buying or accumulating.
š§ THE BIG WARNING: A decline in ETF assets under management does not necessarily mean investors are fleeing!
#XRPā #RippleXRP #ETFs
