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XRP ETF boom💥
XRP ETF launches seen to trigger $1bn bonanza in its first few months
Hi. Eric here.
The launch of spot XRP exchange-traded funds will trigger traders to invest $5 billion into the funds within their first few months of trading.
That’s according to several executives of ETF issuers who either launched their funds this week, or are among the ones awaiting approval.
On Wednesday, Bitwise’s Chief Investment Officer Matt Hougan told Pedro Solimano that an XRP ETF could “easily become” a billion-dollar fund within its first handful of months.
Steven McClurg, CEO of Canary Capital, which is expected to launch its XRP ETF in mid-November, is even more bullish. In August, he predicted investors will pour up to $5 billion into XRP ETFs within their first month of trading.
That’s just a fraction of the $3.2 billion Bitcoin ETFs drew during their first month of trading, according to SoSoValue. Still, those predictions highlight the giddiness around altcoin ETFs.
For instance, Grayscale’s Managing Director of Research, Zach Pandl, told Aleks Gilbert that he expects some 5% of Solana’s underlying tokens, worth roughly $5 billion, to be swallowed by ETFs issued by the likes of Grayscale and Bitwise. Both firms launched Solana ETFs this week.
And more are coming. There are about 20 filings each for XRP and Solana ETFs waiting to be approved by the Securities and Exchange Commission.
They have been buoyed by the pro-crypto tilt of the US government, particularly the new SEC Chair Paul Atkins.
He replaced former SEC Chair and anti-crypto firebrand Gary Gensler earlier this year.
Atkins has loosened the agency’s policing of digital assets and enabled issuers to list ETFs within 75 days, rather than the customary 240 days, albeit with some restrictions.
“We’re going to get well over 100 ETFs probably that are going to be involved in the crypto space in the next six to 12 months,” James Seyffart, ETF analyst at Bloomberg Intelligence, said in September.
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Post of the Week
Uniswap CEO Hayden Adams explains why leftists should welcome crypto with open arms.
The one pro-crypto explainer I’ve found to consistently work on progressive left is explaining that securities law basically reduces down to “only millionaires can invest in early stage projects”
And that the best investments in history are early stage — by the time public can
— Hayden Adams 🦄 (@haydenzadams)
5:03 PM • Oct 30, 2025
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