Date: Written By: Follow TheCryptoBasic The XRP community is bracing for what many analysts are calling one of the most significant days in the asset’s market history. This optimism comes as multiple spot XRP ETFs are set to begin trading this week. Bold predictions from community figures suggest that the arrival of major Wall Street players could mark a turning point for XRP’s long-term trajectory. “We Begin an Epic Story” In a tweet, XRP community analyst Chad Steingraber amplified expectations with a dramatic message ahead of today’s market open. “Tomorrow, we begin an epic story. Wall Street will bow. to XRP,” he declared. Advertisement The sentiment follows confirmation that several new XRP ETFs from Grayscale and Franklin Templeton are set to launch today. Notably, the New York Stock Exchange approved Grayscale’s XRP ETF (GXRP) on Friday, fueling momentum. Today’s launches come after a rapid series of approvals and filings. Canary Capital’s XRPC debuted on November 13 and accumulated over $240 million on day one. Bitwise launched its XRP ETF last week, contributing to total U. S. XRP ETF inflows now exceeding $410 million. Meanwhile, XRP ETFs from issuers 21Shares, CoinShares, and WisdomTree are also set to launch in the coming weeks. ETF Demand Projection: Up to 50 Million XRP Could Be Acquired Today Steingraber also released a projection estimating that ETF issuers may collectively acquire up to 50 million XRP today. For Bitwise, he suggested the firm could buy up to 5 million XRP, building on the 5. 82 million tokens it purchased last Friday. He also suggested that Canary Capital will buy 5 million XRP today, after acquiring 319, 640 tokens on Friday. Meanwhile, for the XRP ETFs launching today Grayscale and Franklin Templeton Steingraber suggested they will buy 25 million XRP and 15 million XRP, respectively. According to Steingraber, today’s combined inflows could exceed those seen during the initial launch of Canary’s XRPC ETF, which opened with $243 million in AUM and has since surpassed $305 million. Similarly, Bitwise’s XRP ETF has reached $116. 63 million in AUM after launching last week. Grayscale’s Entry Marks a Major Shift In a separate post, analyst Xaif Crypto highlighted the significance of today’s Grayscale launch. He noted that the firm enters with approximately $35 billion in total AUM far larger than any other issuer currently offering XRP ETFs. He added that if smaller issuers like Canary and Bitwise could generate record-breaking interest, institutional demand from a heavyweight such as Grayscale could drive a substantially larger impact. Will the ETF Catalyst Finally Lift XRP’s Price? Despite the excitement, XRP is down about 18% since early November, even as institutional products tied to the token grow. Analysts note that ETF inflows often take time to affect spot prices, especially in a weak market. Still, with major Wall Street firms now entering the XRP ecosystem, some see the potential for a structural shift. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Author Abdulkarim Abdulwahab Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language. 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Analyst Says Today Begins an Epic Story for XRP as ‘Wall Street Will Bow’ to XRP
