A recent observation by user Remi Relief (@RemiReliefX) has sparked renewed interest in XRP. The user highlighted the withdrawal of CoinShares’ XRP ETF filing and raised a pertinent question regarding the timing of this decision. The core of the inquiry revolves around whether this withdrawal is linked to potential supply pressures that could intensify once major asset managers enter the market.
Details Surrounding the Withdrawal
Remi directed attention to information shared by another user, which cited the formal withdrawal notice from CoinShares. This update indicated that CoinShares submitted a request to withdraw the application under SEC Rule 477. The notice confirmed that "No shares were sold" and that the transaction never reached completion.
The report contextualized this move within a competitive landscape, noting the potential for upcoming filings from prominent firms like BlackRock and Fidelity. The implication is that these larger issuers, with their substantial resources, could command significant market attention. Additionally, the report suggested that CoinShares might be prioritizing its Nasdaq merger. The withdrawal, therefore, could be seen as clearing the path for these more established players to enter the market.
Did Coinshares withdraw its XRP filing knowing there isn’t enough XRP left for them to fulfill their ETF obligations ?
I think so especially with BlackRock & Fidelity about to file. Coinshares knows BlackRock will pretty much buy out every XRP left on the open market.
Do you… https://t.co/HCHlPslWEu
— The Real Remi Relief 🙏✝💪 (@RemiReliefX) November 28, 2025
Remi's Analysis of Market Dynamics
Following the presentation of this information, Remi articulated his central hypothesis. He questioned, "Did Coinshares withdraw its XRP filing knowing there isn’t enough XRP left for them to fulfill their ETF obligations?" His argument hinges on the issue of XRP's supply. He posited that the demand generated by major institutional issuers could potentially absorb a substantial portion of the XRP currently available on the open market.
He further elaborated, suggesting that "BlackRock will pretty much buy out every XRP left on the open market" once their filings proceed. XRP's supply has notably decreased throughout 2025. Remi believes that BlackRock's potential entry into the XRP ETF market could introduce significant demand into an ecosystem already facing supply limitations.
He then connected this dynamic to XRP's potential future performance. Remi suggested that the combination of XRP's constrained supply and the anticipated institutional demand could create a favorable environment for the asset.
Implications for XRP's Future
The sequence of events Remi highlighted carries significant implications for several reasons. ETF filings from firms such as BlackRock and Fidelity are viewed with considerable importance within traditional financial markets. Some industry observers anticipate that BlackRock's XRP ETF could become the largest in the market.
Should these major firms move forward with their XRP filings, they would require substantial quantities of the token to back their respective products. Increased demand within a market characterized by limited supply can naturally lead to heightened competition for available assets.
Remi pointed to this specific dynamic as the reason why he does not view CoinShares' withdrawal as a negative development. Instead, he interprets it as part of a broader market shift, favoring heavyweight issuers capable of securing the necessary scale for successful ETF launches.