$XRP The familiarity of XRP helps ETFs surpass $1 billion in assets.
XRP has "several reasons" that are attracting dollars from traditional investors, which has helped XRP ETFs exceed $1 billion in assets, according to Sui Chung, CEO of CF Benchmarks.
XRP exchange-traded funds (ETFs) have surpassed $1 billion in assets due to the long-standing recognition of the token among mainstream market participants, combined with its solid price performance in recent years, according to a cryptocurrency executive.
This comes as ETH spot ETFs continue to see outflows, while BTC spot ETFs have shown unstable performance over the past week.
“Many investors are taking a position in XRP due to the familiarity. It has a long history,” Sui Chung, CEO of the cryptocurrency price index provider CF Benchmarks, told CNBC on Wednesday.
