The crypto market is watching October closely as the SEC faces deadlines for multiple ETF applications, including XRP ETFs. Analysts say an approval could trigger a “supply shock” in XRP’s market, where available tokens on exchanges are already at historic lows. Coinbase’s XRP inventory, for example, has fallen nearly 90 percent in recent months and now sits near 100 million tokens.
Why an ETF Could Shift the Market
Spot ETFs must hold the underlying asset. That means institutional funds would need to purchase XRP directly from the market to back shares. With retail investors typically holding XRP for the long term rather than trading it actively, analysts believe institutions will need to pay higher prices to convince holders to sell. Some estimate that $5 to $8 billion could flow into XRP ETFs in the first month alone, dwarfing early inflow