What to Know:
- Market hasn’t priced in XRP ETFs.
- Government shutdown delays ETF decisions.
- Institutional wallets are accumulating XRP.
XRP is generating considerable buzz as anticipation builds around the potential approval of spot XRP ETFs. Despite recent price dips, key figures suggest that the market has yet to fully factor in the impact of these ETFs. This sentiment is fueled by expectations of substantial institutional investment once the ETFs are launched.
The recent U.S. government shutdown has temporarily stalled progress on ETF approvals, with the SEC operating on a limited basis. Filings with ticker symbols like GXRP and XRPZ indicate the products are nearly ready. However, the delay has extended the timeline for official approval and trading debut.
30 million $XRP accumulated by whales in the last 24 hours! pic.twitter.com/wNt61lgwWI
Despite the regulatory hold-up, enthusiasm remains high, with analysts pointing to the current XRP price as a potential opportunity. Data shows institutional wallets have accumulated nearly 30 million XRP recently. This activity suggests quiet confidence from larger players preparing for ETF-driven inflows.
The view that XRP ETFs are “not priced in” reflects the belief that current prices are undervalued. Once spot XRP ETFs go live, institutional investments could mirror the surge seen after Bitcoin ETF approvals. Some forecasts even suggest prices could rise significantly as liquidity deepens.
While the exact timeline for approval remains uncertain, the consensus is that it will likely be delayed until late November or December. The potential for substantial institutional investment continues to fuel bullish sentiment around XRP, with many anticipating a significant rally once the ETFs are approved.
Source: Original article
