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Ripple CEO Brad Garlinghouse revealed strong confidence in the launch of a Ripple (XRP) physical exchange-traded fund (ETF) in an interview with Bloomberg on the 23rd. He pointed out the fact that the Bitcoin (BTC) physical ETF in the US had a net inflow of about $17 billion this year, and argued that institutional and individual investors are currently demanding the launch of new cryptocurrency physical ETFs, and that a Ripple physical ETF will be launched due to the high demand for Ripple.
2. US Bitcoin Physical ETF, Recorded Net Outflow for Two Consecutive Days After Switching to Net Outflow
The US Bitcoin physical ETF showed a net outflow for two consecutive days on the 23rd. According to data released by financial data platform Factside Investor, the US Bitcoin physical ETF recorded a net outflow of about $79.09 million and $119.05 million on the 22nd and 23rd, respectively, after switching to a net outflow.
3. BRICS Discusses International Trade Through Cryptocurrency
The BRICS alliance discussed international trade among BRICS member countries through Bitcoin at the summit held in Kazan on the 23rd. Bloomberg reported that the 9 member countries of the BRICS alliance discussed the sale of Bitcoin by Russian mining companies and the promotion of international trade among the 9 countries through the sold Bitcoin.
4. Former Trump Chief of Staff "Cryptocurrency Industry Will Grow Significantly After US Presidential Election"
Mick Mulvaney, former Trump chief of staff, pointed out the lobbying activities of cryptocurrency companies during the US presidential election campaign in an interview with NewsNation on the 23rd, and argued that the cryptocurrency industry will show significant growth regardless of the election results. He said that cryptocurrency companies have been actively lobbying both the Democratic and Republican parties in the US, and that this will be reflected in the results after the election.
Reporter Kwon Seung-won ksw@
