With the growing positive trend around XRP ETF, industry leaders, including Crypto Com CEO Kris Marszalek, believe a potential fund tracking the coin can see billions in inflow within the first 12 months.
In a bold prediction, Crypto.com CEO Kris Marszalek predicted inflows of $8 billion for the XRP ETFs in the first year of launch. Speculations about spot XRP Exchange-Traded Fund (ETF) approvals have increased since the SEC dismissed its case against Ripple Labs.
Kris Marszalek Optimistic About XRP ETF
In a viral video circulating on social media, Marszalek expressed an optimistic outlook for altcoin-based ETFs. The Crypto.com CEO suggested that altcoin ETFs for tokens like XRP could see strong inflows. He emphasized that an XRP-based ETF could outperform the figures from existing products like Ethereum (ETH).
To support his view, Marszalek spotlighted a projection that suggested the XRP ETF could see inflows reaching $8 billion in its first year. He emphasized that such inflows could boost the price of XRP and benefit the broader crypto market.
For clarity, JPMorgan had forecasted the $8 billion inflow XRP ETF potential in its first launch year. Notably, Bloomberg’s Senior ETF Analyst Eric Balchunas shares the same sentiments with JPMorgan, calling the projection reasonable.
Other industry figures, including attorney John Deaton, commented on the potential of the XRP ETF following Marszalek’s viral optimistic words.
How Soon Can an XRP ETF Happen?
In January, Polymarket predicted a 70% chance of Ripple successfully launching the XRP ETF this year. This news influenced the market, causing XRP to rise over 3% on the daily chart.
Taking to the X platform, Deaton reiterated his long-held conviction that an XRP ETF will go live if there is legal clarity and the SEC loses in court. The US Securities and Exchange Commission (SEC) has dropped its pending court cases with top crypto exchanges like Coinbase and Kraken.Â
Deaton believes Wall Street will inevitably push for altcoin ETFs, including XRP, once these cases conclude. While some have disagreed with his forecast, Deaton noted that the tide is turning and becoming more evident.Â
Deaton further cited the outstanding performance of BlackRock’s iShares Bitcoin ETF (IBIT). The Bitcoin ETF saw more capital inflows within the first year than gold did in a decade. Deaton believes this remarkable achievement will encourage Wall Street to adopt a similar approach for altcoins like XRP.
At least 11 firms have revealed intentions to launch an XRP ETF. These include Bitwise
Canary Capital, 21Share, WisdomTree, Grayscale, Tuttle Capital, CoinShares, Rex & Osprey, ProShares, Teucrium, and Franklin Templeton.
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