"XRP Spot ETF Expected to See Up to $800M Inflow in First Week"

An opinion suggests that the XRP spot ETF could see inflows of up to $800 million in its first week after launch.

On the 19th (local time), Luca Sorlini, Head of Product at Northstake, stated in an interview with DL News that "The XRP spot ETF is expected to see inflows of $400-800 million in its first week," adding that "specific inflow amounts will be determined by institutional interest and overall crypto market sentiment." He further noted that these figures were estimated based on the inflows seen in Bitcoin (BTC) and Ethereum (ETH) spot ETFs.

Gabe Selby, Head of Research at CF Benchmarks, made a similar prediction. He stated that "first month inflows would reach nine figures (minimum $100 million)."

In January, JP Morgan also projected in their report that the XRP spot ETF would attract inflows of $4-8 billion during its first 6-12 months.

The media outlet noted that "the U.S. Securities and Exchange Commission (SEC) is likely to approve the XRP spot ETF" and added that "this would have a positive impact on XRP's price." For reference, Bitcoin surged 150% after the launch of its spot ETF last January.

Meanwhile, according to Polymarket, a decentralized prediction platform, there is a 78% probability that the XRP spot ETF will be approved this year.