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- SEC rulings on multiple XRP ETF filings are set for October deadlines.
- Dom Kwok predicts XRP could attract record inflows due to affordability and global reach.
- Analysts highlight over $1B in XRP futures interest as a sign of strong demand.
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The cryptocurrency market is bracing for a pivotal moment as the U.S. Securities and Exchange Commission (SEC) prepares to deliver rulings on multiple XRP exchange-traded fund (ETF) applications this October. According to EasyA co-founder Dom Kwok, an approved XRP ETF could attract the largest inflows ever seen in the crypto market, surpassing even Bitcoin and Ethereum’s ETF launches.
Dom Kwok Highlights XRP’s Global Reach
Speaking on the Paul Barron Podcast, Kwok argued that XRP is uniquely positioned for massive demand. He pointed out that the token has one of the most widely distributed holder bases worldwide and ranks just behind Bitcoin and Ethereum in liquidity. Unlike BTC and ETH, whose high nominal prices can be a barrier to retail investors, XRP offers a lower-cost entry point. This affordability, Kwok suggested, could make it the ETF of choice for first-time crypto investors.
He further noted that ETFs often serve as a gateway for individuals hesitant to directly purchase crypto assets. With less than 7% of the global population currently holding digital assets, Kwok views an XRP ETF as a key catalyst for mass adoption.
SEC Deadlines Push XRP Into Spotlight
The SEC recently extended deadlines on several XRP ETF filings, including those from 21Shares, Grayscale, Bitwise, CoinShares, and Canary Capital. New decisions are now set for October 19 and October 24, depending on the issuer. Notably, more than 10 XRP ETF filings are under review—far more than the number of applications submitted for Bitcoin or Ethereum.
Also Read: Chainlink vs XRP: Which Crypto Will Dominate Banking Adoption?
ETF analyst Nate Geraci has echoed similar optimism, warning that investors may be underestimating demand for an XRP spot product. Futures markets reinforce this view: XRP futures surpassed $1 billion in open interest within just three months, while futures-based XRP ETFs have already drawn over $800 million in investments.
The Road Ahead
If the SEC grants approval, XRP would become only the third cryptocurrency to secure a spot ETF in the U.S., after Bitcoin and Ethereum. With experts forecasting billions in inflows, October could mark a historic milestone not just for XRP, but for the broader crypto ETF market.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
