The new XRP ETF has just been launched and is already breaking records. In just 90 minutes, it moved more than $24 million, something that not even traders with diamond hands and nerves of steel would have imagined at their first meeting with Wall Street. But of course, everyone now acts as if they've always believed in XRP, when a year ago they treated it like the awkward person at crypto meetings because of the SEC.
The expectation is simple: that institutional funds will go all in and make XRP's price skyrocket. Some already dream of seeing it at $4 (or more) and feel like millionaires before it happens, because that's how crypto faith works: first you imagine yourself with a Lambo, then you check if it's gone up half a cent.
Of course, it's not all smooth sailing: this ETF is a hybrid, with spot and derivatives, in other words, a financial Frankenstein. It may not track the real price 100%. But that doesn't matter, because the hype rules. And in this digital casino, the important thing isn't winning, it's getting in before the music stops.
