$16 billion outflows from XRP in a week amid spot ETF blow

XRP is witnessing a notable decline in investor confidence, with its market capitalization dropping by over $16 billion in the past week. This downturn coincides with the U.S. Securities Exchange Commission’s (SEC) decision to postpone its ruling on 21Shares’ proposed spot XRP exchange-traded fund (ETF), as outlined in a filing on May 20 source: https://finbold.com/16-billion-outflows-from-xrp-in-a-week-spot-etf-blow/