XRP exchange-traded fund products have begun trading, with several analysts projecting institutional inflows could exceed those seen during Bitcoin's ETF launch earlier this year. Early filings from Grayscale, Bitwise, Franklin Templeton, and Canary Funds have already attracted significant capital, while major players including BlackRock and Fidelity have yet to enter the market.
What Happened: Early XRP ETFs Draw Institutional Capital
Crypto analyst Xfinancebull stated on X that the initial wave of XRP ETF products represents "just a warm-up" before larger asset managers file their applications.
Franklin Templeton and Grayscale pulled in over $130 million combined on their first day of trading, according to market data. Total XRP inflows reached $164 million during the recent period, while Bitcoin saw outflows of $151 million, according to analyst RipBullWinkle.
The current batch of XRP products manages a fraction of the more than $80 billion in assets under management that could eventually rotate into the token through spot ETFs.
Bitcoin's ETF launch triggered significant institutional adoption earlier this year, attracting Wall Street firms and momentum traders seeking regulated exposure to cryptocurrency markets.
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Why It Matters: Real-World Infrastructure Differentiates XRP
Xfinancebull argued that XRP differs from Bitcoin due to its "functional utility, real-world adoption, and banking infrastructure already built out across Japan and Asia."
The analyst suggested institutional capital flowing into XRP ETFs will "stay" rather than simply speculate, pointing to the token's established use in cross-border settlement systems.
XRP traded above $2.20 as of late November, with analyst TerraHaberTr projecting the token could reach $3.00 if current momentum continues.
Bitcoin reclaimed the $90,000 level after a brief pullback, with potential targets at $100,000, according to the same analyst. "If you missed the Bitcoin momentum move, don't miss this one," Xfinancebull noted, referring to the early-stage nature of XRP's ETF cycle.
The absence of filings from major asset managers suggests the institutional phase for XRP spot ETFs remains in its initial stages, with analysts expecting additional applications once regulatory clarity improves.
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