XRP Spot ETF Could Hit $1B Fast, Says Bitwise CIO
Bitwise CIO Matt Hougan has issued a bold prediction for XRP, stating that a spot XRP ETF could “easily become a billion-dollar fund within the first few months.”
Despite prevailing skepticism in the crypto community, Hougan believes the potential for rapid growth is being underestimated.
“People underestimate it because the median opinion in crypto is pretty bearish on XRP,” Hougan noted. “But what drives flows? A group of people that buys the asset — and the XRP Army is incredibly bullish and loves XRP.”
This sentiment highlights the passionate and active retail base backing XRP, which could translate into significant early inflows for an ETF.
Currently, there are about 20 XRP ETF filings pending with the U.S. Securities and Exchange Commission (SEC), trailing slightly behind Bitcoin and Solana, which each have 23 filings, while Ethereum has 16 filings pending, according to Bloomberg Intelligence ETF analyst Eric Balchunas.
Therefore, these numbers underscore XRP’s growing institutional interest and the increasing likelihood that regulators may eventually approve one of these products.
A spot XRP ETF would offer investors direct, regulated exposure to XRP, bypassing crypto exchanges. Unlike futures-based ETFs, it holds the actual token, providing transparency and mirroring its performance, a factor that has historically driven strong demand, as seen with Bitcoin spot ETFs.
What does this mean? Well, Hougan’s remarks highlight a growing shift in mainstream finance. Despite past regulatory uncertainty, rising institutional filings signal confidence in XRP’s role in the crypto ecosystem. A successful spot ETF could draw both retail investors and major institutions seeking regulated exposure.
This development is happening at a time when Canary Capital is poised to make a major impact in crypto investing as it files an updated S-1 for its XRP spot ETF, removing a key SEC ‘delaying amendment’ and targeting a November 13 launch.
As the SEC reviews the pending applications, the combination of a loyal and bullish XRP Army, rising institutional interest, and the precedent of successful spot crypto ETFs could make this product one of the fastest-growing in the crypto space. If Hougan’s projections hold, the XRP spot ETF might not only redefine investor expectations but also cement XRP’s role as a leading digital asset in the ETF market.
Conclusion
The launch of a spot XRP ETF could mark a transformative moment for both XRP and the crypto market. Supported by a passionate retail base and rising institutional interest, it offers regulated, direct exposure to XRP, likely attracting substantial capital.
Approval could accelerate adoption, reshape perceptions of XRP’s value, and position the ETF as a key catalyst in the next phase of crypto investing.
