XRP will ‘easily become’ a $1bn ETF in its first months

Core Insights - The XRP-linked cryptocurrency is predicted to have a strong debut as an exchange-traded fund (ETF), potentially exceeding a billion dollars within the first few months, contrary to skeptics' expectations [1] - The XRP community, referred to as the "XRP Army," is characterized by its strong loyalty and bullish sentiment towards XRP, which is expected to drive significant capital flows into the ETF [2][4] - There are currently about 20 pending XRP ETF filings with the SEC, trailing behind Bitcoin and Solana, which have 23 filings each [2] Market Dynamics - The number of crypto assets with ETFs is expected to surpass 200 in the next 12 months, indicating a growing acceptance of crypto ETFs in the market [3] - Recent data shows that large investors, or "whales," have purchased nearly $560 million in XRP over the past week, coinciding with the expiration of three XRP ETF approval deadlines at the SEC [3] Community Influence - The success of the XRP ETF is attributed to the passionate support from the XRP Army, which remains committed despite regulatory challenges faced by Ripple [4][5] - Unlike other altcoin ETFs that may lack a dedicated retail community, XRP benefits from a loyal following, which is crucial for driving investment flows [5] Institutional Adoption - Critics of XRP highlight concerns regarding Ripple's control over the token's supply and its focus on institutional partnerships, but this perspective may overlook the importance of identifiable buyer demand for institutional adoption [6] - Historical data shows that Bitcoin ETFs attracted $107 billion in their first year, demonstrating that skepticism does not necessarily hinder the success of crypto ETFs [7]