- Analyst Adriano Feria warns that XRP spot ETFs may reveal weak institutional demand compared to Bitcoin and Ethereum products backed by major firms like BlackRock.
- The crypto community remains divided, with some calling XRP a scam lacking development activity while others defend it and continue buying more tokens.
- EasyA co-founder Dom Kwok counters that XRP ETFs could outperform previous crypto funds due to XRP’s strong liquidity as one of the most traded digital assets.
- XRP currently trades at US$2.79 with a US$166 billion market cap, ranking as the third-largest cryptocurrency excluding stablecoins, up 2% in 24 hours.
While the XRP community eagerly awaits the approval and launch of US spot exchange-traded funds (ETFs), analyst Adriano Feria argues they may expose a lack of institutional demand, unlike Bitcoin and Ethereum products backed by giants such as BlackRock and Fidelity.
Posting on Crypto Twitter, Feria claimed that “Ripple ETFs will most likely mark the beginning of the end for XRP.” He added that this is because he “highly doubts there will be any meaningful institutional interest.”
Community members and commentators reacted quickly, with some calling XRP a scam that has “no contracts, no developers”, while others defended the third-largest cryptocurrency.
Some said they are buying more XRP right now, while others argued that an ETF will “make it even easier for normies to buy,” adding that it would not be wise to short XRP at present.
Some traders still see upside, pointing to XRP futures ETFs that recently reached US$1 billion (AU$1.52 billion) in open interest on CME – a historic record, reported just last week.
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XRP One of The Most Liquid Assets, With Huge Potential, Says Expert
Not everyone agrees that an XRP ETF would be a negative development. As reported earlier, EasyA co-founder Dom Kwok believes that such a fund could even outpace earlier crypto ETFs in terms of net inflows.
Kwok based his view on the strong liquidity of XRP, which is one of the most traded digital assets, surpassed only by Bitcoin itself. He also highlighted the huge potential upside, noting that only 7% of the global population currently trades cryptocurrencies.
At the time of writing, XRP has been gaining momentum and is up 2% on the 24-hour chart, while Ethereum (ETH) is flat and Bitcoin (BTC) is also up 2.5%.
XRP currently trades at US$2.79 (AU$4.26), with a market cap of US$166 billion (AU$253 billion), just behind Tether’s USDT at US$168 billion (AU$256 billion), which ranks third overall. Excluding stablecoins, XRP is the third-largest cryptocurrency by market cap, behind BTC and ETH.
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