Massive 11.64M XRP Transfer Hits Coinbase — Here Is Why Analysts Believe It’s ETF-Driven Accumulation, Not Selling

A substantial transfer of 11.64 million XRP has just been recorded on the Coinbase platform, leading to significant interest and speculation within the cryptocurrency community. Analysts are suggesting that this large movement of assets may be driven by institutional accumulation in anticipation of a potential exchange-traded fund (ETF) approval, rather than indicating that investors are looking to sell off their holdings. This perspective is fueled by the expectation that an ETF focused on XRP could attract a considerable influx of capital, thereby encouraging larger entities to acquire and hold the cryptocurrency in preparation for future market developments. source: https://blocknews.com/massive-11-64m-xrp-transfer-hits-coinbase-here-is-why-analysts-believe-its-etf-driven-accumulation-not-selling/