Bloomberg’s senior ETF analyst, Eric Balchunas, has clarified his position on a potential XRP exchange-traded fund. While he didn’t say there was “no demand” for XRP, he did note that the further a crypto is from Bitcoin, the less capital it’s likely to attract.
However, signs of institutional interest are growing. Regulated XRP futures on CME Group recently surpassed $1 billion in open interest in under four months—a record for a new contract. Additionally, futures-based XRP ETFs have now exceeded $800 million in assets.
These figures have led some, like ETF Store President Nate Geraci, to argue that institutional demand for XRP products is stronger than many people assume. With Bloomberg analysts giving XRP ETFs “extremely high” approval odds for 2025 and Polymarket bettors agreeing with an 82% chance, an XRP ETF could become a highly anticipated launch in the future of crypto adoption.
August 2025, Cryptoniteuae
