Latest updates in the Ripple vs. the SEC case seems to have offered confidence to investors in XRP-associated investment offerings, per investment insights from CoinShares’ head of research, James Butterfill. 

Specifically, as included in the most recent Digital Asset Fund Flows published on Nov. 7, Butterfill reportedly claimed that XRP investment products have witnessed a third consecutive week of institutional inflows, reeling in $1.1 million.

Butterfill stated that the figures are implications of “improving investor confidence as the SEC case against Ripple looks increasingly fragile.”

The past few weeks Ripple Labs have reportedly been experiencing surges regarding support from key players across the crypto sphere, nominally Coinbase and the Blockchain Association. 

General Counsel for Ripple Stuart Alderoty reportedly issued an official announcement to his 89,000 followers that, “A dozen independent voices – companies, developers, exchanges, public interest and trade assoc’s, retail holders” had provided their assistance to explain how “dangerously wrong the SEC is.”

“A dozen independent voices – companies, developers, exchanges, public interest and trade assoc’s, retail holders – all filing in SEC v Ripple to explain how dangerously wrong the SEC is. The SEC’s response? We need more time, not to listen or engage, but to blindly bulldoze on.”

Other establishments throwing their weights behind Ripple reportedly include nonprofit organization Investor Choice Advocates Network, crypto mobile app SpendTheBits and the Crypto Council for Innovation, along with the XRP “decentralized community.”

Overall, there are 12 independent entities pledging legal support for Ripple.

Nonetheless, regardless of the assistance and both sides urging to have a summary judgment, the case could still go on for months, per Ripple CEO Brad Garlinghouse, who spoke at DC Fintech Week on Oct. 11.