XRP is set to quickly reach a $1bn ETF in its early months.

XRP’s Potential in Exchange-Traded Funds

Matt Hogan from Bitwise suggests that the XRP exchange-traded fund (ETF) could potentially hit $1 billion in assets fairly quickly. Although some in the crypto community are skeptical, Hogan believes that loyal XRP supporters will drive interest and investment beyond current expectations.

Despite some negative views surrounding XRP, Hogan envisions a strong launch for the cryptocurrency associated with Ripple. He mentioned that the XRP ETF could “easily” become valued at $1 billion within just a few months, significantly surpassing the doubts from critics.

Hogan pointed out that much of the crypto world remains pessimistic about XRP, but this could lead to underestimating its appeal. “What generates investment? It’s people buying,” he stated. The enthusiastic XRP community, or “XRP Army,” is notably bullish and committed.

At present, there are around 20 applications for XRP ETFs under review by the SEC, which is fewer than Bitcoin and Solana’s 23 applications, while Ethereum has 16 pending as noted by Eric Balchunas from Bloomberg Intelligence. Balchunas also anticipates that over the next year, the number of crypto assets, including ETFs, will exceed 200, indicating strong growth in the sector.

Recently, investors have aggressively acquired XRP, with “whales” collectively purchasing approximately $560 million worth in the past week. This coincides with the SEC’s impending decisions on three XRP ETFs.

The Loyalty of the XRP Army

Hogan’s optimism largely hinges on a crucial insight: ETFs don’t necessarily need praise from crypto Twitter to thrive. Instead, they need dedicated investors willing to commit funds.

XRP has a robust base. The XRP Army, a passionate group of retail investors, has remained steadfast even through Ripple’s protracted legal issues with the SEC. Hogan believes that the enthusiasm will lead to significantly higher investment than many anticipate. “ETFs wither from lack of interest—this won’t be the case here,” he remarked.

What sets XRP apart from other altcoin ETFs is clear. Many cryptocurrencies may boast technical merits but often lack enthusiastic grassroot support. In contrast, XRP, even with its centralized nature and corporate ties—which many critics highlight—retains a strong allegiance from its users.

A Different Perspective

Skeptics criticize XRP for Ripple’s control over its supply and its emphasis on institutional links over decentralization. They also question its effectiveness as a cross-border payment method. However, Hogan argues that such criticisms are not the core issue. The essential factor is the presence of tangible buyer demand, irrespective of crypto purists’ opinions.

To illustrate, Bitcoin ETFs amassed $107 billion in their inaugural year, and the Solana ETF recently achieved a significant entry for 2025. Both succeeded by demonstrating genuine demand and converting skeptics amidst their journeys.