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- ๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Nov 12, 2025 05:50 UTC
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XRP ETF Goes Live Tomorrow, But Bitwise Doubts If It Can Outshine Solana
XRP spot ETF set to launch on Nasdaq this Thursday; Canary Capital CEO predicts up to $5B inflows in the first month.
Analysts say XRPโs passionate investor base could make its ETF one of the biggest crypto fund launches of the year.
The upcoming XRP spot ETF is shaping up to be one of the most anticipated launches in the crypto market this quarter. Canary Capital CEO Steven McClurg previously said that the product could outperform Solanaโs ETF success, potentially doubling its impact and pulling in as much as $5 billion in inflows during its first month.
McClurg, known for his early predictions around institutional crypto adoption, said the excitement around XRPโs ETF approval could rival that of Bitcoin and Ethereum funds. His firm, Canary Capital, has now filed Form 8-A for its XRP spot ETF, which is set to begin trading on Nasdaq this Thursday once the exchange certifies the listing.
A Competitive Market for Crypto ETFs
Bitwise CIO Matt Hougan says that the upcoming XRP ETF could become one of the most successful crypto products to hit the market, driven by the enthusiasm of its loyal investor base.
Speaking about the growing anticipation around a spot XRP ETF, Hougan said that while it remains to be seen if XRP can outperform Solanaโs ETF inflows, there is little doubt that the product will attract significant interest once it launches. He explained that what many analysts misunderstand about crypto ETFs is how investor sentiment drives demand.
Sentiment, Not Consensus, Drives ETF Success
According to Hougan, XRPโs divisive reputation in the broader crypto community will not affect its success. He explained that ETF inflows depend on the strength of those who want to own the asset, not those who oppose it. In other words, a passionate and engaged investor base is more valuable than broad but lukewarm support.
XRPโs long-standing community, which has remained active through regulatory uncertainty and market downturns, is exactly the kind of audience that fuels strong ETF inflows. This conviction, he said, is likely to translate into substantial allocations once the product goes live.
Hougan added that estimating XRP ETF demand based on mixed community sentiment misses the point. What matters most is that a large group of investors are eager to gain exposure through a regulated, institutionally managed vehicle.
He said, โI think XRP will be a big success. I donโt know if it will double Solana, but it will be another big success.โ
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FAQs
The XRP spot ETF lets investors gain direct XRP exposure and is set to begin trading on Nasdaq this Thursday once listing is certified.
Its launch gives XRPโs loyal community regulated market access, fueling optimism for strong early inflows.
Strong enthusiasm from dedicated XRP holders could drive ETF demand more than broad market consensus.
The ETF is issued by Canary Capital, led by CEO Steven McClurg, with Nasdaq handling the listing certification.
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