[ad_1]
Approval of an XRP-spot ETF could significantly increase institutional demand. The US BTC-spot ETF market illustrates the potential impact of a spot ETF market on supply-demand trends and price trajectory.
Since the launch on January 11, 2024 (BTC price: $46,742) through April 15, 2025, US BTC-spot ETF issuers have registered $35,462.8 million in net inflows. By April 15, 2025, BTC climbed to $83,702, having previously hit an all-time high of $109,312 on January 20, reflecting a 134% rally since launch.
However, ETF heavyweight BlackRock (BLK) has yet to file for an XRP ETF. BlackRock’s iShares Bitcoin Trust (IBIT) is largely responsible for the success of the US BTC-spot ETF market, with net inflows of $39,604 million since launch. A BlackRock application could significantly change the price outlook.
Outlook for XRP: Appeals and ETF Prospects
On Tuesday, April 15, XRP fell 2.02%, reversing Monday’s 0.38% gain to close at $2.0838. XRP continued tracking the broader crypto market, which dropped 1.32% to a total crypto market cap of $2.6 trillion.
[ad_2]
