Ripple’s CEO Achieves XRP ETF Triumph, But Where’s the Party? 🎉

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It is with no small degree of astonishment that I report the remarkable feat achieved by the esteemed collective of XRP ETFs, which have most graciously recorded a string of positive net inflows for a most impressive thirty trading sessions. One must wonder, however, if this achievement shall hold the same weight as a feather upon the scales when compared to the rather tumultuous fortunes of Bitcoin and Ethereum ETFs, which have experienced flows more akin to the capricious weather of an English summer.

Our dear Ripple representative, Mr. Brad Garlinghouse, has recently taken it upon himself to broadcast this noteworthy milestone upon the X social media platform-surely, a modern-day town crier, if you will! 📢

A cascade of listings

Indeed, we have witnessed a veritable deluge of XRP launches in recent times. It was in the late October days that REX-Osprey unveiled its quasi-spot ETF, but lo! The true wave of excitement began to swell forth in November.

Canary Capital, not wishing to be outdone, launched the inaugural U.S. spot XRP ETF, which made quite the splash by debuting with record first-day volume for an altcoin ETF, attracting nearly $250 million with the speed of a dashing suitor. 💸

Following in the wake of Canary’s triumph, other notable issuers rushed to the fore with all the zeal of eager participants at a Regency ball. Among them are Franklin Templeton (XRPZ), Bitwise XRP ETF (XRP), and Grayscale XRP ETF (GXRP), each vying for their moment in the spotlight.

The price paradox

Yet, dear reader, therein lies a conundrum as perplexing as any penned by the great novelists of yore! Despite a staggering $1 billion in buying pressure from these ETFs, XRP finds itself in a state of disarray, struggling to maintain the once steadfast support level of $2.00, now languishing in the $1.88 to $1.92 range. It appears that the public selling pressure, so visible to all, has most decidedly eclipsed the private ETF buying pressure, which remains shrouded in mystery.

The lamentable selling pressure from retail investors is widely believed to be the chief culprit behind this unfortunate underperformance. If that were not enough, should a market maker engage in the sale of XRP to an ETF issuer, they might do so with the cunning intention of “shorting” XRP on the derivatives market, thus insuring themselves against the ignominious prospect of price drops. This hedging activity, alas, creates a rather unwelcome downward pressure on the price, leaving us pondering what mischief the financial world hath wrought! 😅

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2025-12-17 09:44