Crypto Gloom

Here’s what could happen if the XRP ETF hits $10 billion.

Interest in XRP exchange-traded funds is growing rapidly after other products were approved. Cboe has approved the 21Shares XRP ETF under the XR ticker, adding it to the list of funds offering exposure to the token.

The speed of the influx surprised even industry leaders. Ripple CEO Brad Garlinghouse recently celebrated the XRP ETF for surpassing $1 billion in assets in about 17 days, a much faster start than many expected.

Market analysts say this trend could accelerate.

Goal of $10 billion within one year

Crypto analyst Mickle said that if the current pace of inflows continues, the XRP ETF could hold up to $10 billion worth of XRP within a year.

He said ETFs are removing friction for investors who previously avoided cryptocurrency exchanges. Many investors did not purchase XRP earlier because access was complicated or outside compliance rules.

ETFs change this by allowing investors to purchase XRP exposure through their regular brokerage accounts. Mickle said XRP today is very different from what early investors bought a few years ago.

“The XRP I bought in 2016 or 2017 is different from the XRP we have today,” he said. “The network continues to become more powerful. New features are being added, and from an investment perspective, this is important.” He added that many investors are overlooking Ripple’s original vision for the XRP Ledger.

“If you look at my interview with Chris Larsen in early 2013, he was already talking about issuing assets on the ledger and using XRP as liquidity,” Mickle said. “That thought was there from the beginning.”

New Liquidity Pipeline for XRP

The analyst described the XRP ETF as a new liquidity pipeline rather than a short-term transaction. This steady institutional demand could reduce dependence on the retail trading cycle and add depth to the XRP market.

Over time, this demand can support price stability and higher trading volume. Mickle said the XRP Ledger’s role is likely to expand as these markets develop.

“You will see more infrastructure moving to the XRP Ledger,” he said. “This positions XRP as the primary liquidity not only for money to move back and forth, but across a variety of financial uses.”

Institutions drive the next steps

Institutions have strong incentives to promote ETF products because they fit into their compliance, marketing and advisory frameworks.

This makes the XRP ETF easier to recommend and deploy than holding the cryptocurrency directly. Analysts see this as a major positive catalyst for long-term adoption.

Market cycles are changing

Recent price movements following the US interest rate cut show that cryptocurrencies are still reacting to macro news. But analysts argue the market is breaking out of its strict four-year boom-and-bust cycle.

Instead, performance is being driven more by fundamentals such as regulation, infrastructure, and institutional use cases.

XRP has already outperformed many altcoins over the past 18 months, suggesting capital is becoming more selective.

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