XRP entered a new phase in its growth as Spot XRP ETFs begin trading in the US. THE enthusiasm generated by institutional access XRP has seen rapid growth in recent weeks, especially as deposits and inflow reports suggest increasing interest from funds preparing to increase their exposure.
A market commentator known as Chad Steingraber presented a projection showing how intense ETF accumulation could become if issuers adopted an acquisition strategy similar to that seen for Bitcoin ETFs. Estimates depict a period of aggressive accumulation that could reduce the available supply of XRP much faster than expected, and here are the numbers.
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A Breakdown of the Steingraber Projection
Steingraber the first scenario examines a modest but steady accumulation pattern in which 12 Spot XRP ETF issuers acquire an average of 3 million XRP per day. Its projection involves focusing on the average rather than trying to predict which fund accumulates the most, because the combined impact is which ultimately matters for the market price of XRP.
In this configuration, daily inflows would reach up to 36 million XRP. Over a standard five-day trading week, this accumulation would reach 160 million XRP. Over the course of a month, the amount absorbed by ETFs would increase to 720 million XRP. By the end of a full year, this projection alone implies that as much as 8.64 billion XRP could be removed from public circulation and locked in ETFs.
Of course, these figures only take into account the possibility of consecutive net inflow days and no net outflow days. While these numbers are hypothetical, the pace aligns with early trends seen in Bitcoin ETFs, where strong averages across issuers have created sustained demand for Bitcoin.
A more aggressive scenario based on recent activity
In another article, Steingraber proposed a more powerful accumulation model using Bitwise’s Spot XRP ETF activity as a benchmark. The data shows that The Bitwise XRP ETF received inflows of approximately 5.82 million XRP during its first trading day. In this second scenario, the projected daily acquisition rate is doubled to approximately 6 million XRP per issuer.
If 12 funds follow this pattern, the combined accumulation could reach 72 million XRP each day. Extending the same cycle by five days, the weekly total would reach 360 million XRP, while the monthly totals would reach around 1.44 billion XRP. Over a full year, this more aggressive pattern ends with 17.28 billion XRP absorbed into ETF products.
“The entire public supply of XRP will disappear UNLESS THE PRICE GOES ASTRONOMICALLY HIGH,” Steingraber said.
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The projections serve as a wake-up call on how quickly the XRP supply ecosystem could change once ETF flows stabilize and larger issuers like Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares and WisdomTree gets in on the action.
However, BlackRock, which supervises the biggest Spot Bitcoin and Ethereum ETFs have not yet made a decision on a Spot XRP ETF. The company confirmed in August that he has no immediate plans to request one.
Featured image from Pexels, chart from TradingView
