The cryptocurrency market is abuzz with speculation about the potential impact of XRP exchange-traded funds (ETFs). According to some market commentators, the price performance of XRP after the approval of these ETFs could make Bitcoin’s surge look like “child’s play.”
The momentum around XRP ETFs has been building for some time. During the final quarter of 2024, five asset managers, including Bitwise and WisdomTree, filed applications to launch an XRP ETF. This was followed by four more asset management firms, including industry heavyweights like Grayscale and CoinShares, joining the race in the new year.
Insider hints from FOX Business News suggest that the crypto community could see heightened activity around XRP ETF filings this week, fueling speculation that BlackRock may be joining the fray.
The situation around XRP ETFs bears striking similarities to the frenzy that surrounded Bitcoin spot ETF filings before their approval. By January 10, 2024, the SEC granted accelerated approval for all 11 Bitcoin spot ETF filings, triggering a massive surge in the cryptocurrency’s price.
Now, XRP is following a similar path, with ETF filings being submitted one after another. According to prominent XRP community influencer “Digital Asset Investor,” the eventual launch of an XRP ETF, combined with the resolution of the Ripple lawsuit, could make Bitcoin’s appreciation post-ETF launch seem like child’s play.
“No digital asset is more coiled than XRP,” the influencer stated.
The potential impact of XRP ETFs is significant. JPMorgan estimates that the XRP ETF could attract $4 to $8 billion in new investments within six months of approval. A separate analysis by The Crypto Basic suggests that XRP’s price could reach $23, or a market cap of $1.3 trillion, if it records $500 million daily ETF investments over one year.
Independent analysts, including Ben Armstrong, have speculated that Ripple’s potential IPO and the launch of an XRP ETF could propel XRP’s price to $25 in the future.
While these estimations remain speculative, it is clear that the cryptocurrency community is eagerly anticipating the potential impact of XRP ETFs. If the predictions hold true, the rise of XRP could indeed make Bitcoin’s post-ETF surge look like child’s play.
