Expert predicts $100 billion inflow in XRP after futures ETF debut An expert has predicted that the approval of the first exchange-traded fund (ETF) for XRP futures will pave the way for a spot ETF. They believe this could potentially channel $100 billion into XRP.
This prediction comes after the U.S. Securities and Exchange Commission (SEC) approved ProShares' XRP futures ETF. XRP Futures ETF Approved: Is a Spot ETF Next?
According to the official document, ProShares will launch three futures-based ETFs: the Ultra XRP ETF, the Short XRP ETF, and the Ultra Short XRP ETF. These will begin trading on April 30. This development follows the early April launch of Teucrium's 2x Long Daily XRP ETF.
Although it is not a spot ETF, the approval has generated optimism among XRP investors. Industry expert Armando Pantoja predicts that the move could lead to substantial capital inflows into the altcoin.