Dom Kwok, co-founder of EasyA, emphasizes that XRP ETFs could surpass other crypto-related exchange-traded funds in terms of inflows
As multiple spot XRP ETF applications approach their final decision deadlines, Kwok has made bold claims about the potential of the investment product
XRP ETFs Could Be the Biggest in Crypto
During an interview on the Paul Barron Network (PBN) podcast, Kwok suggested that if the U.S. SEC approves the XRP ETFs, they could attract the largest inflows of any other crypto ETFs. His reasoning is based on XRP’s global holder base, which he believes is among the largest in the crypto industry
Factors Indicating Strong Demand for XRP ETFs
Indeed, XRP remains among the most actively traded cryptocurrencies in the market. Its daily trading volume sits at $6.6 billion, with nearly $6.5 billion of that coming from centralized exchanges
Given XRP’s massive volume, some experts believe that demand for spot XRP ETFs could surge if the SEC approves them. Another factor fueling this belief is the cryptocurrency’s recent milestone on the CME
As previously reported, XRP made history on CME after it became the fastest cryptocurrency to hit an open interest of $1 billion. This comes just three months after XRP futures contracts made their debut on the leading derivatives marketplace
The rapid success of CME’s XRP futures is seen as proof of a growing institutional appetite for the token. Amid this, Kwok expresses that XRP could attract the largest inflows and eventually become the biggest crypto ETF
Current Performance of Crypto ETFs
For context, Bitcoin and Ethereum are currently the only cryptocurrencies with standalone ETFs in the United States. While Bitcoin ETFs have attracted a total of $54.16 billion in inflows, Ethereum ETFs have garnered $13.65 billion
Several asset managers, including Canary, Grayscale, and Bitwise, are vying to launch other spot crypto ETFs in the U.S., with 11 of them focused on XRP. The SEC will issue its final decision on some XRP ETF applications in October
Data from Polymarket indicates that XRP has an 84% chance of being approved for an ETF by the end of this year. Meanwhile, whether the product will outperform other crypto ETFs in terms of inflows remains to be seen.
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XRP Spot ETF Will Bring the BIGGEST Inflows in All of Crypto: Expert
Dom Kwok, co-founder of EasyA, emphasizes that XRP ETFs could surpass other crypto-related exchange-traded funds in terms of inflows
As multiple spot XRP ETF applications approach their final decision deadlines, Kwok has made bold claims about the potential of the investment product
XRP ETFs Could Be the Biggest in Crypto
During an interview on the Paul Barron Network (PBN) podcast, Kwok suggested that if the U.S. SEC approves the XRP ETFs, they could attract the largest inflows of any other crypto ETFs. His reasoning is based on XRP’s global holder base, which he believes is among the largest in the crypto industry
Factors Indicating Strong Demand for XRP ETFs
Indeed, XRP remains among the most actively traded cryptocurrencies in the market. Its daily trading volume sits at $6.6 billion, with nearly $6.5 billion of that coming from centralized exchanges
Given XRP’s massive volume, some experts believe that demand for spot XRP ETFs could surge if the SEC approves them. Another factor fueling this belief is the cryptocurrency’s recent milestone on the CME
As previously reported, XRP made history on CME after it became the fastest cryptocurrency to hit an open interest of $1 billion. This comes just three months after XRP futures contracts made their debut on the leading derivatives marketplace
The rapid success of CME’s XRP futures is seen as proof of a growing institutional appetite for the token. Amid this, Kwok expresses that XRP could attract the largest inflows and eventually become the biggest crypto ETF
Current Performance of Crypto ETFs
For context, Bitcoin and Ethereum are currently the only cryptocurrencies with standalone ETFs in the United States. While Bitcoin ETFs have attracted a total of $54.16 billion in inflows, Ethereum ETFs have garnered $13.65 billion
Several asset managers, including Canary, Grayscale, and Bitwise, are vying to launch other spot crypto ETFs in the U.S., with 11 of them focused on XRP. The SEC will issue its final decision on some XRP ETF applications in October
Data from Polymarket indicates that XRP has an 84% chance of being approved for an ETF by the end of this year. Meanwhile, whether the product will outperform other crypto ETFs in terms of inflows remains to be seen.