Bitwise CIO: XRP Spot ETF To Attract $1B In Months
Bitwise CIO Matt Hougan predicts an XRP spot ETF will attract over $1 billion in inflows within months of launch. He highlights about 20 pending XRP spot ETF applications at the SEC—just behind Bitcoin and Solana filings. Strong demand comes from the passionate “XRP Army” and growing institutional interest. On-chain data from Santiment shows $560 million in large XRP purchases last week ahead of key SEC decision dates. A spot ETF would hold actual XRP tokens, offering regulated, transparent, and direct market exposure rather than futures-based tracking. Canary Capital’s updated S-1 filing, which targets a November 13 launch, underscores rising institutional confidence. Bloomberg Intelligence forecasts regulatory approval for over 200 crypto assets within a year. Hougan argues that sustained capital flows, not overall crypto sentiment, drive ETF success, as seen with Bitcoin ETFs’ $107 billion debut inflows despite early skepticism.
Bullish
The announcement of a forthcoming XRP spot ETF and the forecast of over $1 billion in inflows is likely to drive bullish sentiment for XRP. In the short term, anticipation of SEC approval and large inflows from the “XRP Army” and institutional investors could trigger a price rally as traders position ahead of the launch. In the long term, the direct exposure offered by a regulated ETF structure enhances market transparency and broadens access, potentially sustaining demand and reducing volatility. Historical precedent from Bitcoin ETFs shows that substantial capital flows can support prolonged positive momentum even amid broader market uncertainty.