Is XRP ETF Sell-the-News Event? $15.5 Million Weekly Outflows Warn About It

The post Is XRP ETF Sell-the-News Event? $15. 5 Millicom. The first full week of XRP’s ETF era did not unfold the way the community expected because, instead of a continuation of the long inflow streak that began right after XRP was ruled not a security in 2023, the market delivered the exact opposite a $15. 5 million outflow from XRP-tied investment products, the largest single-week reversal since the asset reentered institutional rotation last year. XRPC’s debut on Nov. 13 produced no net creations on day one, but the next session pulled in $243 million through cash and in-kind flows, and trading volume hit $58 million, the highest opening print of any ETF launched this year out of more than 900 products. It even edged past the spot Solana ETF launch, which landed at $57 million. Source:.

FEMA chief departs agency

Federal Emergency Management Agency (FEMA) head David Richardson is departing the agency, a Department of Homeland Security (DHS) spokesperson confirmed Monday. “The Federal Emergency Management Agency (FEMA) and the Department of Homeland Security (DHS) extend their sincere appreciation to the Senior Official Performing the Duties of the Administrator, David Richardson, for his dedicated service and…