During a week of billion-dollar inflows into cryptocurrency investment products, XRP quietly demonstrates stable inflows.
XRP Inflows
For two consecutive weeks, XRP registered inflows of $10.6 million. While this figure seems low compared to Bitcoin's $790 million and Ethereum's $226 million, the consistency of these inflows sets XRP apart in the fluctuating market.
Ripple's Banking License
According to recent reports, Ripple has applied for a national banking license from the U.S. Office of the Comptroller of the Currency, which will allow the company to manage its upcoming stablecoin RLUSD more effectively. Additionally, its affiliate, Standard Custody & Trust, is seeking access to a Federal Reserve master account.
Ripple's Strategic Changes and XRP's Future
Interestingly, the repeated inflow of $10.6 million may reflect a strategic approach by investors betting on Ripple's shift from a traditional payment system to a full-fledged financial infrastructure. The odds of an ETF for XRP have also surged to 95%, further boosting interest in the asset.
XRP's investment inflows and Ripple’s pursuit of a banking license may indicate significant strategic changes within the company and its role in the financial ecosystem.
