{"id":360330,"date":"2024-10-02T16:13:21","date_gmt":"2024-10-02T10:43:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=360330"},"modified":"2024-10-02T16:13:21","modified_gmt":"2024-10-02T10:43:21","slug":"heres-ripple-price-if-xrp-etf-matches-bitcoins-47b-inflow-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/heres-ripple-price-if-xrp-etf-matches-bitcoins-47b-inflow-crypto-news\/","title":{"rendered":"Here&#8217;s Ripple Price If XRP ETF Matches Bitcoin&#8217;s 47B Inflow &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400\">Ripple price could skyrocket XRP ETF optimism was revived by Bitwise Asset Management\u2019s filing in Delaware. If approved, this will be the first XRP ETF for the United States market. Investors now speculate how this development could impact XRP price in the future. The approval of such an ETF would impact the price of XRP massively, especially if it attracts inflows similar to Bitcoin\u2019s $47 billion.<\/span><\/p>\n<h2>If XRP ETF Approved, Ripple Price Could Skyrocket<\/h2>\n<p><span style=\"font-weight: 400\">If an XRP ETF is approved, the price of XRP could explode. However, to understand how high it would go, we have to study how BTC and ETH reacted to the approval of their ETFs.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<ul>\n<li><b>Bitcoin Reaction: <\/b><span style=\"font-weight: 400\">When the spot Bitcoin ETF was approved on January 10, 2024, the market saw a massive influx of capital, exceeding $1.6 billion just minutes into the launch. <\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-218885\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/BTCUSDT_2024-10-02_13-03-23.png\" alt=\"btc price\" width=\"2219\" height=\"1002\" \/><\/p>\n<p><span style=\"font-weight: 400\">The surge in demand boosted the BTC price by 39% over the following months, and they are currently hovering around $61,500.<\/span><\/p>\n<ul>\n<li><b>Ethereum Reaction: <\/b><span style=\"font-weight: 400\">The approval of the Ethereum ETF in June 2024 led to investor interest and substantial inflows. While the ETH ETF initially saw some inflows, the outflows have generally become significant, and the Ethereum price dropped. Since the launch, the price of Ethereum has not surpassed the high of $3,521. Instead, the asset has lost 30% of its value and is trading at $2,478 today. <\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-218886\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Ethereum \" width=\"2219\" height=\"1002\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47.png 2219w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47-300x135.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47-1224x553.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47-768x347.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47-1536x694.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47-2048x925.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47-150x68.png 150w\" data-lazy-sizes=\"(max-width: 2219px) 100vw, 2219px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47.png\" \/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-218886\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/ETHUSDT_2024-10-02_12-12-47.png\" alt=\"Ethereum \" width=\"2219\" height=\"1002\" \/><\/p>\n<p><span style=\"font-weight: 400\">Ethereum\u2019s lacklustre performance post-ETF could be attributed to a lack of volatility following uncertainty in the global markets, which led to investors preferring Bitcoin as a hedge against inflation.<\/span><\/p>\n<ul>\n<li><b>Potential Ripple Price Reaction:<\/b><span style=\"font-weight: 400\">\u00a0If an XRP ETF were to receive approval, we could expect an either\/or situation, drawing from Bitcoin and Ethereum\u2019s performance.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_218887\" aria-describedby=\"caption-attachment-218887\" style=\"width: 2219px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-218887\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Ripple Price\" width=\"2219\" height=\"1002\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06.png 2219w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06-300x135.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06-1224x553.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06-768x347.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06-1536x694.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06-2048x925.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06-150x68.png 150w\" data-lazy-sizes=\"(max-width: 2219px) 100vw, 2219px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06.png\" \/><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-218887\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/10\/XRPUSDT_2024-10-02_13-03-06.png\" alt=\"Ripple Price\" width=\"2219\" height=\"1002\" \/><figcaption id=\"caption-attachment-218887\" class=\"wp-caption-text\">Ripple Price chart<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400\">Given the current XRP market cap of $34 billion, a $47 billion inflow would push the Ripple price up moderately by 150%, with a potential extension to 300%. These scenarios could push the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/\">XRP price<\/a> to $1.5 and $2.49, respectively.<\/span><\/p>\n<h2>Why XRP ETF is Different Than BTC or ETH ETF<\/h2>\n<p><span style=\"font-weight: 400\">An XRP ETF, if ever approved, will not be the same as BTC and ETH. Unlike the latter, the former doesn\u2019t have to face the same downside pressure from Grayscale outflows, noted Sistine Research on X.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">XRP has 1\/9 the market cap of ETH and 1\/35 that of BTC.<\/p>\n<p>Even a few billion in ETF flows would likely have a large impact on price. <\/p>\n<p>And it would have no Grayscale outflows to fight. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/rvZAVXJMeF\">pic.twitter.com\/rvZAVXJMeF<\/a><\/p>\n<p>\u2014 Sistine Research (@sistineresearch) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sistineresearch\/status\/1841242780682617060?ref_src=twsrc%5Etfw\">October 1, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">This unique aspect would make XRP ETFs more attractive to investors. Despite their performance today, Bitcoin and Ethereum ETFs recorded huge inflows during their first trading day. ETH ETF registered $107.8 million, while Bitcoin recorded $4.5 billion. Nevertheless, both the ETFs experienced outflows Grayscale despite the positive volume.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><span style=\"font-weight: 400\">Since XRP does not have the same Grayscale outflow pressure, its price could experience a more sustained increase.<\/span><\/p>\n<h2>Conclusion<\/h2>\n<p><span style=\"font-weight: 400\">The approval of an XRP ETF may have become possible after <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitwiseinvestments.com\">Bitwise Asset Management<\/a> filed for an ETF with Delaware authorities. The ETF would be different from BTC and ETH, performing better due to the lack of outflow pressure from Grayscale. The Ripple price could surge to $1.5 or higher.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<section class=\"accordion-content mt-4\" id=\"faq\">\n<h2 class=\"mb-4 h3 fw7\">Frequently Asked Questions (FAQs)<\/h2>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\">\n<p>\n                            \t An XRP ETF approval would mark the first XRP-based exchange-traded fund in the U.S. market, allowing institutional investors to easily gain exposure to XRP. It could lead to massive inflows of capital, similar to the impact seen with Bitcoin and Ethereum ETFs.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\">\n<p>\n                            \tXRP differs from Bitcoin and Ethereum in that it does not face the same downside pressure from Grayscale outflows, making it potentially more attractive to investors. While Bitcoin and Ethereum ETFs saw large inflows initially, they later faced outflows due to Grayscale pressure, which XRP could avoid.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item\">\n<div class=\"faq-item-content\">\n<p>\n                            \tProjections suggest XRP could rise to between $1.50 and $2.49, depending on the size of the inflows following the approval of an ETF.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"m-0\">Related Articles<\/p>\n<p>                                &lt;!&#8211; <\/p>\n<div class=\"desktopPostEnd d-on\"><\/div>\n<p> &#8211;&gt;<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/heres-ripple-price-if-xrp-etf-matches-bitcoins-47b-inflow\/\">  <i class=\"fa fa-whatsapp\" \/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/heres-ripple-price-if-xrp-etf-matches-bitcoins-47b-inflow\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" \/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f550088f6c79ed5969887b8a5a6d972d?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f550088f6c79ed5969887b8a5a6d972d?s=200&amp;d=mm&amp;r=g\" \/><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f550088f6c79ed5969887b8a5a6d972d?s=200&amp;d=mm&amp;r=g\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" \/>                                  <\/div>\n<p>Evans Karanja  <\/p>\n<\/p><\/div>\n<p>Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price could skyrocket XRP ETF optimism was revived by Bitwise Asset Management\u2019s filing in Delaware. If approved, this will be the first XRP ETF for the United States market. Investors now speculate how this development could impact XRP price in the future. The approval of such an ETF would impact the price of XRP [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":360335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-360330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/360330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=360330"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/360330\/revisions"}],"predecessor-version":[{"id":360337,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/360330\/revisions\/360337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/360335"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=360330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=360330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=360330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}