American spot Mati Greenspan, founder of Quantum Economics, said net inflows into exchange-traded funds (ETFs) will top $1 billion in the coming days.
The ETFs were launched on November 14 and experienced 15 consecutive days of inflows, accumulating net funds of $897.35 million, according to SoSo data. Funds from Canary Capital, Grayscale, Bitwise and Franklin Templeton accounted for most of the inflows.
“It will absolutely continue this momentum and reach milestones very quickly. The path is clear,” Greenspan told CoinDesk.
“In many ways, XRP is being swept up in the broader institutional wave simply because it already has liquidity, branding, and now regulatory approval. That doesn’t mean there’s renewed excitement about the technology itself, but it does explain the strong inflows into ETFs.”
The agency was encouraged by the conclusion of a court case between Ripple and the U.S. Securities and Exchange Commission in August, which concluded that XRP was not a security but fined the company $125 million for violating securities laws.
“Institutions are responding to its new regulatory clarity, current market position and long operating history,” Greenspan said. However, “XRP has not shown the same pace of innovation or user-driven traction as some newer networks, but tradition matters.”
Over-the-counter (OTC) desks helped maintain inflows during Bitcoin’s broader market selloff and ether ETFs, according to a report from Investing. The stability provided by OTC channels allows the XRP ETF to attract higher quality institutional capital compared to the debuts of Bitcoin and Ethereum.
The XRP ETF’s continued performance places it among the fastest-growing major crypto asset instrument classes. Crossing the $1 billion milestone in less than a month can be seen as a signal of significant acceptance and liquidity for the asset in traditional financial markets.
