Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP ETF Goes Live Tomorrow, But Bitwise Doubts If It Can Outshine Solana

XRP ETF Goes Live Tomorrow, But Bitwise Doubts If It Can Outshine Solana

Coinpedia2025/11/12 06:39
By:Coinpedia
Story Highlights

The upcoming XRP spot ETF is shaping up to be one of the most anticipated launches in the crypto market this quarter. Canary Capital CEO Steven McClurg previously said that the product could outperform Solana’s ETF success, potentially doubling its impact and pulling in as much as $5 billion in inflows during its first month.

Advertisement

McClurg, known for his early predictions around institutional crypto adoption, said the excitement around XRP’s ETF approval could rival that of Bitcoin and Ethereum funds. His firm, Canary Capital, has now filed Form 8-A for its XRP spot ETF , which is set to begin trading on Nasdaq this Thursday once the exchange certifies the listing.

Bitwise CIO Matt Hougan says that the upcoming XRP ETF could become one of the most successful crypto products to hit the market, driven by the enthusiasm of its loyal investor base.

Speaking about the growing anticipation around a spot XRP ETF, Hougan said that while it remains to be seen if XRP can outperform Solana’s ETF inflows, there is little doubt that the product will attract significant interest once it launches. He explained that what many analysts misunderstand about crypto ETFs is how investor sentiment drives demand.

  • Also Read :
  •   How High Will XRP Price Go After Canary Capital’s XRP ETF Launch On Thursday?
  •   ,

According to Hougan, XRP’s divisive reputation in the broader crypto community will not affect its success. He explained that ETF inflows depend on the strength of those who want to own the asset, not those who oppose it. In other words, a passionate and engaged investor base is more valuable than broad but lukewarm support.

XRP’s long-standing community, which has remained active through regulatory uncertainty and market downturns, is exactly the kind of audience that fuels strong ETF inflows. This conviction, he said, is likely to translate into substantial allocations once the product goes live.

Hougan added that estimating XRP ETF demand based on mixed community sentiment misses the point. What matters most is that a large group of investors are eager to gain exposure through a regulated, institutionally managed vehicle. 

He said, “I think XRP will be a big success. I don’t know if it will double Solana, but it will be another big success.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Hassett’s Perspective on the Fed: Bold Rate Reductions or Fundamental Overhaul

- Kevin Hassett, Trump's top economic adviser, proposes Fed chairmanship with plans to cut interest rates and restructure the central bank's research and communication strategies. - He advocates reducing Fed staff influence and adopting top-down decision-making, aligning with Trump's skepticism of institutional expertise while claiming nonpartisan leadership. - Hassett warns a 40-day government shutdown risks pushing Q4 GDP negative, emphasizing fiscal-monetary coordination amid economic uncertainty and st

Bitget-RWA2025/11/13 00:56
Hassett’s Perspective on the Fed: Bold Rate Reductions or Fundamental Overhaul

AAVE Rises 0.86% as Large Investors Accumulate and Aave Founder Criticizes BoE

- AAVE rose 0.86% in 24 hours to $205.44 amid whale accumulation and regulatory scrutiny, despite 32.98% annual declines. - Major on-chain actors borrowed $180M+ from Aave to purchase 388,615 ETH ($1.32B), leveraging DeFi protocols for ETH accumulation. - Whale strategies maintain 2.1 leverage ratios, while backtests show Aave whale activity correlates weakly with sustained AAVE price gains. - Analysis suggests whale accumulation may signal distribution or liquidity provision rather than bullish price mome

Bitget-RWA2025/11/13 00:56

SOL Price Forecast for 2025: Network Enhancements and Growing Institutional Interest Drive Positive Outlook

- Solana's 2025-2026 roadmap includes Firedancer, ZK Compression v2, and Alpenglow upgrades to boost scalability, reduce fees, and enable real-time applications. - Institutional adoption surges with $841M+ SOL holdings, $817M in ETF assets, and partnerships with Visa/R3 enhancing its financial infrastructure utility. - Price resilience defies market trends as TVL triples to $40B, driven by ETF inflows and DeFi growth despite 30% Q3 user declines. - Analysts project $147-$494 price range for 2025, citing 26

Bitget-RWA2025/11/13 00:50
SOL Price Forecast for 2025: Network Enhancements and Growing Institutional Interest Drive Positive Outlook

Ethereum News Update: Separating Hype from Reality—Crypto Market Shifts as BlockDAG, Ethereum, and XRP Aim for Leadership by 2026

- BlockDAG's $435M presale and hybrid DAG/Proof-of-Work model position it as a top 2026 growth candidate with 3.5M active miners. - Ethereum faces technical risks like potential death cross but retains 53% stablecoin dominance through JPMorgan/BlackRock partnerships. - XRP shows $2.40 recovery amid Bitcoin ETF inflows but needs sustained confidence to maintain $3.95B derivatives open interest. - Market shifts toward projects with institutional validation (CertiK audits) and real-world adoption (Seattle spo

Bitget-RWA2025/11/13 00:38