XRP Institutional Case Gains Momentum Amid September Seasonal Growth
XRP has been gaining institutional attention due to its growing adoption by major financial institutions. A former BlackRock managing director stated that XRP's success is inevitable, citing the use of Ripple's technology as a key signal.
Digital Asset Investor agrees with this assessment and believes that a BlackRock XRP ETF is also inevitable. Nate Geraci, president of The ETF Store, has predicted that BlackRock will file for a spot XRP ETF and a Solana ETF once a formal regulatory framework is in place.
The data supports the conviction, as XRP ETFs recorded eight straight days of inflows in August, pulling in $127 million. Institutions now hold 1.63% of XRP's circulating supply, and Digital Asset Investor sees this number growing significantly.