XRP ETFs Could See Stronger Demand Than Expected
Eric Balchunas, senior ETF analyst at Bloomberg, has clarified comments surrounding demand for a potential XRP exchange-traded fund.
He stressed that Bloomberg analysts never claimed there was “no demand” for XRP, but noted that interest naturally tapers off the further one moves from Bitcoin. Compared to BTC, he said, an XRP ETF would likely attract less capital.
Growing Signs of Interest
The clarification comes amid rising debate over how strong demand for an XRP ETF could be. CME Group recently revealed that regulated XRP futures crossed $1 billion in open interest in under four months — the fastest contract ever to hit that milestone.
Futures-based XRP ETFs have also surged past $800 million in assets, fueling speculation that demand is being underestimated.
Nate Geraci, president of ETF Store, argued that these figures show institutional appetite for XRP products is stronger than many assume.
Approval Odds Look Strong
Bloomberg analysts previously suggested that the odds of XRP ETFs gaining approval in 2025 are “extremely high.” Polymarket bettors appear to agree, pricing in an 82% chance of a green light before year-end.
The debate reflects a broader trend in digital assets: while Bitcoin ETFs continue to dominate flows, institutional investors are increasingly exploring exposure to alternative tokens like XRP. If approvals move forward, XRP ETFs could emerge as one of the most closely watched launches in the next phase of crypto adoption.
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Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
