Wall Street Will Bow to XRP Today. Here’s What’s Coming

New XRP ETFs Signal a Significant Milestone for the Digital Asset

Expectations within the XRP community have risen significantly as several spot XRP exchange-traded funds (ETFs) begin trading this week. Many market observers consider this development one of the most consequential moments in XRP’s recent history, with the involvement of major financial institutions seen as a potential driver of long-term market expansion.

Community Analyst Highlights a Major Turning Point

Ahead of the first trading session, XRP analyst Chad Steingraber issued a highly confident assessment of the day’s importance. In a social media post, he stated that the launch of multiple XRP ETFs marks the beginning of a new chapter for the asset, suggesting that institutional participation could meaningfully reshape the market environment.

His remarks follow confirmation that new funds from Grayscale and Franklin Templeton will begin trading today. The New York Stock Exchange recently approved Grayscale’s XRP ETF (GXRP), setting the stage for its debut.

These additions come shortly after Canary Capital introduced its XRPC ETF on November 13, which drew more than $240 million in assets under management on its first day. Bitwise launched its own XRP ETF last week, contributing further momentum. Combined inflows across U.S. XRP ETFs have now surpassed $410 million.

Additional products from 21Shares, CoinShares, and WisdomTree are expected to enter the market in the coming weeks, further expanding institutional access to XRP.

Projected Token Accumulation by ETF Issuers

Alongside his broader commentary, Steingraber shared estimates on potential token accumulation by ETF issuers during today’s trading. His model suggests that up to 50 million XRP could be acquired collectively.

According to his breakdown, Bitwise may purchase approximately 5 million XRP, following its acquisition of 5.82 million tokens at the end of last week. He projected that Canary Capital could add another 5 million XRP after purchasing just over 319,000 XRP on Friday.

For the funds launching today, he estimated that Grayscale might obtain around 25 million XRP, while Franklin Templeton could accumulate close to 15 million XRP.

If realized, these combined purchases would exceed the early activity seen during the introduction of Canary Capital’s XRPC fund, which opened with $243 million in assets under management and has since risen above $305 million. Meanwhile, Bitwise’s ETF has grown to over $116 million in assets since its launch.

The Significance of Grayscale's Entry into the XRP ETF Market

Analysts have also highlighted the implications of Grayscale’s participation. Commentator Xaif Crypto noted that Grayscale enters the XRP ETF market with approximately $35 billion in total assets under management across its products, a scale unmatched by the other issuers currently offering XRP funds.

He argued that if smaller issuers have already attracted notable inflows, the involvement of a firm with Grayscale’s reach could lead to substantially greater institutional engagement.

Despite the growing attention surrounding the ETF launches, XRP has experienced a decline of roughly 18% since the beginning of November. Analysts note that ETF inflows may not immediately influence market prices, particularly during periods of broader market weakness.

Even so, the introduction of multiple institutional investment vehicles has renewed discussion about whether sustained participation from large financial firms could strengthen XRP’s market position over time.

As the first trading sessions proceed, market participants will be watching closely to determine whether the increased availability of XRP ETFs will produce measurable effects on liquidity, demand, and price stability.