The debate over a potential XRP exchange-traded fund (ETF) has split analysts, with some predicting blockbuster inflows and others warning it could expose the token’s weakness among institutions.
On X, crypto analyst AdrianoFeria.eth cast doubt on XRP’s future:
“Ripple ETFs will most likely mark the beginning of the end for XRP because I highly doubt there will be any meaningful institutional interest.”
That skeptical view reflects long-standing criticism that XRP lacks the narrative strength of Bitcoin as “digital gold” or Ethereum as the backbone of decentralized applications. Critics argue that even with a U.S.-listed ETF, institutions may stay away.
Canary Capital’s bullish call
Others see the opposite. On the Paul Barron Network, Canary Capital CEO Steven McClurg argued XRP ETFs could rival Ethereum’s market presence:
“$XRP ETF can do $5 BILLION in the first month and can outperform $ETH from pure financial services.”
The prediction suggests XRP’s use case in cross-border transactions and financial services could make it an attractive institutional product.
More than 90 crypto ETFs are pending SEC approval
The U.S. Securities and Exchange Commission is currently weighing 92 applications for crypto ETFs, according to Decrypt and Bloomberg ETF Analyst James Seyffart. XRP and Solana are among the most common targets, but filings also include Cardano, Dogecoin, Hedera, Avalanche, and even meme tokens like Bonk and Trump’s official cryptocurrency.
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Seyffart has argued for months that approval is likely:
“It’s a question of when not if.”
In June, he estimated 95% odds of approval in 2025 for XRP, Solana, and Litecoin ETFs, with 90% odds for others like Dogecoin, Cardano, and Avalanche. Final deadlines for several applications fall in October 2025, meaning the SEC will soon have to decide.
FAQs about XRP ETFs
Q: How many crypto ETF applications are pending with the SEC?
A: As of August 2025, there are 92 pending applications, including for XRP, Solana, Cardano, Dogecoin, and others.
Q: What did Canary Capital say about XRP ETFs?
A: Steven McClurg of Canary Capital said: “$XRP ETF can do $5 BILLION in the first month and can outperform $ETH from pure financial services.”
Q: Why are some analysts skeptical of XRP ETFs?
A: AdrianoFeria.eth said: “Ripple ETFs will most likely mark the beginning of the end for XRP because I highly doubt there will be any meaningful institutional interest.”
Q: What are the odds of XRP ETF approval?
A: Bloomberg’s James Seyffart put approval odds at 95% for XRP, Solana, and Litecoin in 2025.
Q: Will all crypto ETFs succeed once approved?
A: Likely not. Experts like Luca Prosperi believe most altcoin ETFs could struggle with inflows and eventually shut down.
