What makes this move even more interesting, if confirmed, is what the Wall Street firm had reportedly kept after it closed out all its puts. Citadel is said to still hold 34,900 call options on its XRP ETF, bets that could pay off significantly if the cryptocurrency’s price surges higher. Although the size of the bets tied to those positions has not been revealed.
XRP ETFs See Highest Weekly Inflow This Year
The analyst explained that this bizarre opposite movement between retail and institutional investors is due to upcoming events that could significantly impact the XRP price. X Finance Bull points to a series of regulatory and structural developments that institutional players appear to be tracking closely.
