Analysts are advising XRP investors to temper expectations of rapid price increases following the launch of XRP spot ETFs. Despite significant inflows into ETFs such as Canary Capital and Bitwise, totaling over $410 million in a week, XRP's price remains below $2. Experts note that initial ETF inflows do not equate to immediate market demand, as issuers typically acquire only minimal XRP amounts as seed capital. Price increases are anticipated only when ETF creation demand escalates, necessitating direct XRP purchases from exchanges by authorized participants, potentially leading to a supply squeeze.
Analysts Caution Against Immediate XRP Price Surge Post-ETF Launch
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
