It's possible medium and long term , more capital will flow into XTZ instead. Which has already "dealt " with SEC and has not been deemed a security. Short term the market will probably continue to tank MARKET WIDE. This looks like a great opportunity to accumulate. I know this borders on price discussion so i do apoligize
tldr; Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund. The firm acted shortly after the SEC sued Ripple Labs for conducting an unregistered and ongoing securities offering. The funds from its liquidated XRP position have been reinvested into the other assets in the fund.