Why Millionaires are Stocking Up on XRP Before ETF Launches
As XRP stabilizes around $2.86, institutions secretly accumulate more than $928 million in dedicated wallets. With six XRP ETF filings awaiting SEC approval between October 18 and October 25, Wall Street sees a potential catalyst that might change Ripple’s token trajectory. While institutional investors make their moves, individual market players exercise caution.
XRP ETF: A Decisive October Ahead
All eyes are focused on the October 18-25 window. The SEC must rule on six spot XRP ETF applications submitted by major asset managers: Grayscale, 21Shares, Bitwise, WisdomTree, and Canary Capital. Even a partial approval might result in significant inflows into the XRP ecosystem. This is similar to the early days of Bitcoin ETFs, which prompted billions of dollars in institutional investments.
GraniteShares has moved a step further by filing for a leveraged ETF with 3x long and 3x short exposure to XRP. This framework formally classifies Ripple’s token alongside Bitcoin, Ethereum, and Solana, the only crypto assets now benefiting from regulated derivative instruments in the United States. Legal expert Bill Morgan highlights that these leveraged ETFs are “the next logical step” in XRP market development.
Some managers are also looking into new yield-generating ETF structures based on covered call techniques. These products are aimed at traditional investors looking for revenue-generating cryptocurrency exposure, a business sector that is mostly untouched in the altcoin space.
How to Capitalize on XRP’s Potential Explosion on Bitget?
With multiple XRP ETF applications awaiting SEC approval, the market is holding its breath. Once these ETFs are validated, the influx of institutional capital could propel the XRP price well beyond $3, paving the way for a new bullish phase.
Buying guide on Bitget:
- Create an account on Bitget
- Verify your identity (KYC)
- Deposit funds (card or crypto)
- Search for “XRP” and choose your amount
- Confirm the purchase and enjoy your limited Bitget bonus
Accumulation Amid Market Turbulence
The varied conduct of retail and institutional investors demonstrates differing views of the regulatory landscape. Massive liquidations totaling $1.9 billion have rocked highly leveraged positions, primarily held by retail traders. Meanwhile, institutions continue to stockpile gradually, hoping for a successful settlement of regulatory processes.
Ripple’s application for a national banking charter, which is now under consideration, is October’s second catalyst. If this approval is granted alongside ETFs, XRP will move from a contentious digital asset to a bank-level regulated financial product. The Ripple payment network now spans 70 countries and includes over 1,000 partner financial institutions—an infrastructure that would take on new dimensions under US banking regulations.
The projected inflows for the first few months after approval range between $5 and $8 billion.
These projections are based on the initial performance of Bitcoin ETFs, adjusted for XRP’s relative market capitalization. The psychological resistance at $3 represents the next major technical level to watch if October’s announcements trigger sustained buying pressure.
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