This article highlights the latest discussions about the growing interest in XRP ETFs and market activity in derivatives.
Institutional Activity in the XRP Market
A recent post by Xaif on platform X has drawn attention to the growing interest in XRP ETFs. The discussion started during a video conference between Jay from MilkRoadDaily and James Seyffart, a senior ETF analyst at Bloomberg Intelligence, who noted that XRP products compare to similar offerings like Solana. Seyffart emphasized that the derivatives market has become a proving ground for institutional demand for XRP.
Realistic Expectations for XRP ETF
Seyffart warned against excessive optimism: 'We shouldn't expect the same level of interest as with the Bitcoin ETF launch.' XRP falls into a class of assets with moderate demand, which could lead to a steady influx into institutional portfolios, even if it doesn't break records overnight.
Potential for Multiple Products
Seyffart also expressed the belief that multiple ETFs could emerge for XRP, leading to competitive products and enhanced liquidity. Once the SEC approves an XRP ETF, it could unlock new market opportunities for investors.
The question of institutional interest in XRP is becoming increasingly significant. While the market awaits ETF approval, derivative activity confirms the existing interest from professional investors.
