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CLARITY Act Boosts XRP ETFs as Shiba Inu Suffers Price Drop

Guavy AI Editorial Team
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XRP SHIB
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Regulatory optimism surrounding the CLARITY Act has brought in fresh inflows for XRP ETFs, pushing net assets above $1 billion. Franklin Templeton's $592,470 investment broke a three-day streak of zero inflows into US spot XRP ETFs.

The CLARITY Act aims to clarify cryptocurrency regulations and provide a more stable environment for the industry. This optimism has led investors to re-enter the market with confidence.

However, not all cryptocurrencies are experiencing a boost in price. Shiba Inu's burn rate skyrocketed 9,241% after 2.8 billion tokens were destroyed, but its price dropped 6.55% due to whale profit-taking.

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