Interest in XRP is increasing among institutional investors as a crypto asset and potential ETF candidate, contributing to growing confidence in its prospects.
Is Wall Street Underestimating XRP?
Teucrium ETFs CEO Sal Gilbertie stated that Wall Street is seriously underestimating the strength of the XRP community and Ripple’s role in shaping the future. He suggests that inflows into spot XRP ETFs could be $8 billion or more in the first year, significantly higher than JP Morgan's estimate of $4 to $8 billion.
Chances of ETF Approval
The odds of an XRP ETF approval have surged to 90% on the Polymarket prediction platform. Bloomberg analyst James Seyffart noted that if new XRP ETFs attract more than $85 million in their first week, it would be deemed a 'relative success'.
Canada Leading the Way
While U.S. regulators delay, Canada has already taken steps forward with the launch of XRP ETFs by firms like Purpose Investments, 3iQ, and Evolve, approved by the Ontario Securities Commission.
With increasing interest from institutional investors and high probabilities of ETF approval, XRP could play a significant role in the future of the cryptocurrency market.
