James Butterfill, Head of Research at rippleCoinShares, thinks that the latest developments in the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs have increased investors’ confidence in XRP.
James Butterfill 7 November In the Digital Asset Fund Flow report published on XRP He stated that institutional inflows to investment products have continued for three consecutive weeks. Butterfill entries, investors’ litigation between SEC and Ripple in favor of Ripple that it will result an indication of increased belief interpreted as.
In the CoinShares report, Ripple 2.7 million It was placed just behind Ethereum, which ranked first with net inflows. According to the data, the total fund inflow to Ripple since the beginning of the year is 11 million dollars it happened.
Ripple General Counsel Stuart Alderoty, November 4 social media in via account including companies, associations, indie developers, and nonprofits 12 organizations to the SEC on the wrong track He said he met to say that he was right, but against that, he said the SEC needs time to think and evaluate.
While many users and lawyers on social media claim that the SEC is cornered, CEO Brad Garlinghouse to the first half of 2023 He suggested that the case could take as long as possible.
Experts have recently heard about the support statements of many organizations to Ripple and their expert applications to the court. gives investors confidence and a recent one on Ripple recovery claimed to be seen.