Analyst: If the XRP ETF is approved, it may bring in $800 million in funds in the first week
Odaily Planet Daily reports that Luca Sorlini, the product manager of virtual asset service provider Northstake, stated that once the XRP ETF is approved, the reasonable range of fund inflows in the first week will be between 400 million and 800 million US dollars.
Luca Sorlini said his prediction depends on various factors, including overall market conditions, the number of competing ETFs that will be launched at the same time if they are also approved, and more importantly, institutional interest in this issue. Gabe Selby, research director at crypto index provider CF Benchmarks also made a similar prediction stating that XRP ETF could bring "nine-figure" positive inflows.
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.
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