XRP ETFs: Will Robots Devour Ripple’s Supply? 🤖💸

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XRP, that most enigmatic of digital tokens, has entered a new phase in its evolution, one might say a veritable renaissance, with the advent of Spot XRP ETFs trading in the United States. The excitement among institutional investors is palpable, as if they’ve discovered a new flavor of cryptocurrency-only this time, it’s not even Bitcoin. The filings and inflow reports, those modern-day tea leaves, hint at a frenzy of activity as funds prepare to scale their exposure, much like Victorian collectors vying for the last rare stamp.

Enter Chad Steingraber, a market commentator whose name evokes the gravitas of a weatherman predicting a hurricane in a teacup. Mr. Steingraber has proposed a projection so audacious it might make even the most hardened Wall Street types clutch their pearls. His thesis? That ETFs could accumulate XRP with the ferocity of a horde of digital locusts, reducing its supply to a fraction of its current state. The numbers, he claims, are “just a guess”-a phrase that should alarm anyone with a functioning calculator.

A Breakdown Of Steingraber’s Projection

Mr. Steingraber’s first scenario, which he generously terms “modest,” imagines 12 Spot XRP ETF issuers acquiring an average of 3 million XRP per day. “Modest,” one might say, as if a mouse were gnawing at a cheese wheel while the rest of the rodent population watches in awe. Under this model, daily inflows would reach 36 million XRP-a figure so staggering it could make a mathematician weep into his chalkboard. Over a five-day week, this climbs to 160 million XRP. By the end of a month, a full 720 million XRP would vanish, and by the year’s end, a staggering 8.64 billion XRP would be locked away, presumably in a vault guarded by a very confused AI.

Of course, these numbers assume no outflows-like expecting a waterfall to stop flowing just because you wish it. Still, the pace aligns with Bitcoin ETFs’ early days, where demand was as relentless as a toddler demanding candy. One wonders if the market will thank them for this or demand refunds.

A More Aggressive Scenario Based On Recent Activity

In a subsequent post, Mr. Steingraber, ever the optimist, presents a more aggressive model. Using Bitwise’s Spot XRP ETF as a benchmark, he posits a daily acquisition rate doubled to 6 million XRP per issuer. If 12 funds follow suit, the combined accumulation would hit 72 million XRP daily. A week’s worth? 360 million XRP. A month? 1.44 billion. And a year? 17.28 billion XRP absorbed into ETFs. One might imagine the XRP public supply being gobbled up with the enthusiasm of a pack of wolves at a buffet, unless, as Mr. Steingraber ominously notes, the price skyrockets to astronomical heights-perhaps enough to fund a few trips to Mars.

“The entire XRP public supply will be gone UNLESS THE PRICE GOES ASTRONOMICALLY HIGH,” he declared, as if issuing a dire warning to the cosmos. The projections serve as a wake-up call, though one suspects many are still asleep at the wheel. Larger issuers like Grayscale and Bitwise, now eyeing the action like vultures at a feast, may soon join the fray, turning the market into a game of musical chairs with a trillion-dollar prize.

However, BlackRock, the financial titan who has already conquered Bitcoin and Ethereum ETFs, remains curiously absent from this XRP spectacle. The company, in August, confirmed it has no immediate plans to file for a Spot XRP ETF. One can only speculate-perhaps they’re waiting for the perfect moment, or perhaps they’ve taken a liking to the quiet life of a spectator. Either way, the rest of the industry is playing chess while BlackRock naps, a strategy that may yet backfire with the subtlety of a exploding safe.

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2025-11-23 00:07