Morgan Stanley disclosed in the latest quarterly document that three XRP ETFs were held under the flag. The size of the warehouse is small, but this means that the bank has acquired XRP-related openings through different ETF products.
XRP ETF Still inflow
XRP ETF continues to attract funds after disclosure. The data show that there was a net inflow of $2.25 million at that date, with a cumulative net inflow of $1.51 billion. By 13 August, the total net assets of the related ETF were $942.25 million.
The currency is still falling.
Although ETF demand is still in place, XRP prices continue to decline, and the higher point has fallen by 72 per cent and is now traded around $1. Its market value is approximately $163.0 billion.
One dollar near attention.
The market is currently concerned about whether XRP can hold the $1 level. Short-lines or help to reduce volatility if prices continue to hold at this level; if they break down and continue to be vulnerable, the pressure on sales may increase further.