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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
📶📶📶After the New Year's Day holiday, BTC sounded the horn of counterattack. If BTC stands at $97000, then it will be relatively stable. There is a high probability that it will rise by 4% within a week and return to the key level of 100,000. $100,000 is psychologically important for people. Once it is broken through, confidence will be strengthened, and major news reports will help altcoins to follow the trend and rise significantly.
In terms of ETFs, there were net outflows for 5 consecutive days before, but yesterday there were inflows of 80 million US dollars (BlackRock's data has not been disclosed yet).
On-chain data shows:
The outflow of BTC within the exchange these days
The current stock is 20,000 less than mid-December before the sharp drop. That means during the period of the sharp drop, large funds bought more than 20,000 BTC at a bargain price. The cost of BTC for buyers in the past 60 days has further increased to above $95,000.
The rebound has just begun, don't panic.
Holding coins patiently will do