Could XRP Really Become a $1 Billion ETF in Just Months?

Overview:

• Bitwise CIO Matt Hougan and other experts believe XRP could reach $1 billion in ETF inflows within months, led by strong retail enthusiasm.

• Canada, Brazil, and other regions have already launched spot XRP ETFs, signaling a global appetite among investors.

• Prominent asset managers, including Bitwise, Franklin Templeton, and Grayscale, have filed for XRP ETFs, bringing it closer to SEC approval.

As the cryptocurrency market prepares for another influx of exchange-traded funds (ETFs), XRP, often considered one of the most polarizing digital assets, has emerged as the next big candidate for institutional adoption. Analysts believe that a US spot XRP ETF, once approved, could have billions in inflows within months as retail enthusiasm and institutional interest continue to grow.

XRP ETF Could See Blockbuster Launch

Bitwise Chief Investment Officer Matt Hougan predicts that an XRP ETF will “easily become a billion-dollar fund” within its first few months of trading. In an interview with DL News, Hougan said that while the broader crypto community remains skeptical of XRP, the strength of its investor base will be decisive.

“People underestimate it because the median opinion in crypto is pretty bearish on XRP,” Hougan said. “But what drives flows? Buyers and the XRP Army are incredibly bullish and love XRP.”

The “XRP Army,” a loyal community of retail holders, has been one of the most resilient forces in crypto. Despite regulatory challenges and Ripple’s long-running legal battle with the SEC, XRP continues to command one of the most active followings in the market.

According to Santiment, whales have accumulated around $560 million worth of XRP in the past week, signaling confidence ahead of key ETF decisions.

Also Read: XRP Price Prediction: Where Could it Be in the Next 13 Years?

Analysts Expect Massive Demand for XRP ETFs

ETF analyst Nate Geraci agrees with Hougan’s bullish view, noting that a spot XRP ETF could pull in demand way beyond the present market expectations.

Meanwhile, CEO of Canary Capital, Steve McClurg, anticipates that the XRP ETFs could attract $5-10 billion in inflows, ranking them among the most successful ETF launches.

Currently, around 20 XRP ETF applications are pending with the US Securities and Exchange Commission (SEC), trailing only Bitcoin and Solana, which have 23 filings each.

Notable asset managers such as Bitwise, Franklin Templeton, 21Shares, WisdomTree, Canary Capital, and Grayscale have all submitted updated S-1 filings for XRP-based products.

Regulatory Green Light May Come Soon

Following the SEC’s approval of new listing standards for spot crypto ETFs, analysts say the path for XRP is becoming clearer.

The new framework requires that any crypto asset must have at least six months of regulated futures trading before a spot ETF can be listed.

On Coinbase Derivatives, XRP futures began trading in April 2025, and also on the Chicago Mercantile Exchange (CME) in May 2025.

This coincides with the SEC approval window between October 18 and November 14, suggesting a US spot XRP ETF before the end of 2025. 

On Polymarket, the current odds of a US spot XRP ETF approval in 2025 are above 99%.

Global XRP ETF Momentum Already Building

Beyond the US, Canada launched three spot XRP ETFs in June, and Brazil’s Hashdex launched the world’s first XRP spot ETF in April 2025.  

Meanwhile, the REX Osprey XRP ETF, which offers partial spot exposure, surpassed $100 million in assets under management recently, signaling strong initial demand for XRP-based investment products.

Bloomberg Intelligence analyst Eric Balchunas has predicted that the number of cryptocurrencies with ETFs could go up to over 200 globally within the next 12 months.

Also Read: XRP ETF Gets a Boost, Franklin Templeton Clears Key SEC Hurdle

Institutional and Retail Forces Align

XRP’s strength lies in its unusual market position. Despite being criticized for its centralized governance and Ripple’s corporate control, it boasts a committed investor base and growing institutional recognition.

Hougan summarized it best: “ETFs die in apathy, and that won’t be the case here. XRP’s community is too passionate, and the demand too strong.”

With inflows already building across altcoin ETFs, including Solana, HBAR, and Litecoin, a spot XRP ETF could become the next major driver of crypto market expansion.

Outlook

If projections hold, an XRP ETF could reach $1 billion in assets within months of launch, potentially scaling to several billion as global adoption widens. 

The combination of strong retail demand, institutional validation, and favorable regulatory developments positions XRP as a serious contender in the next wave of crypto ETFs.

FAQs

1. What is driving XRP ETF optimism among analysts?
Analysts point to XRP’s loyal retail base and recent whale accumulation, with $560 million worth of XRP purchased ahead of SEC decisions.

2. When could the US SEC approve an XRP ETF?
Approval is expected between October 18 and November 14, 2025, following XRP futures listings on Coinbase and CME earlier this year.

3. How big could XRP ETF inflows be?
Estimates range from $1 billion within months to as high as $10 billion, rivaling the biggest ETF launches in history.

4. Are there XRP ETFs outside the US?
Yes, Canada and Brazil have already approved spot XRP ETFs, with early products like the REX Osprey XRP ETF surpassing $100 million AUM.

5. Why do analysts believe XRP could outperform other altcoin ETFs?
Unlike many altcoins, XRP has a massive retail following, the “XRP Army”, and deep liquidity, which could fuel significant ETF inflows once approved.