XRP News Today: ETF Outflows Hit XRP as Crypto Bill Delays Bite
Despite the net weekly outflows, three consecutive days of net inflows from Wednesday to Friday underscored the robust institutional demand for XRP, supporting the bullish short- to medium-term outlook for the token.
Notably, US XRP-spot outflows were modest relative to the US BTC-spot ETF market, which saw total net outflows of $1.32 billion in the reporting week ending January 23.
US Senate Delays Crypto Legislation Markup Votes
The US Senate Banking Committee and Senate Agriculture Committee delayed progress of the Market Structure Bill, weighing on demand for XRP.
Reports of the Agriculture Committee delaying the release of its draft text for the Market Structure Bill triggered an XRP pullback in…
