Bitcoin Proponent Says if XRP Hits $10 After ETF Launch, He’ll Admit He Was Wrong

A well-known Bitcoin proponent says he will admit he was wrong if XRP price ever reaches the two-digit region days after XRP ETFs debut.

Excitement around the upcoming launch of spot XRP exchange-traded funds (ETFs) has continued to build as multiple issuers, including Canary Capital, Bitwise, and Franklin Templeton, update their S-1 filings to prepare for a debut this month. 

“XRP ETFs Not Priced In”

Notably, most XRP proponents believe these long-awaited products could finally drive a strong price surge for the token, as XRP continues to struggle below $3, currently trading for $2.46 at press time.

Among the individuals who believe the price impact would not match the ongoing hype is David Weisberger, a well-known Bitcoin advocate and former Chairman of Coinroutes. 

Could XRP Hit $10 After ETF Launch?

Reacting to Rector’s comments, Weisberger argued that some XRP fans might be overstating how much ETFs could lift prices, noting that ETFs don’t have the same “unit bias” advantage as spot crypto assets. He admitted that ETFs are generally bullish but said their effect might not be as powerful as XRP supporters believe.

His comment drew a response from one XRP community member, who pointed to data from the Chicago Mercantile Exchange (CME) to show strong institutional demand for XRP.

For context, XRP Futures became the fastest CME contract ever to hit $1 billion in open interest, reaching that mark in only three months, according to a CME disclosure in August. 

The individual argued that this surge showed that institutional traders, not retail investors chasing low-priced coins, were driving the action. He added that those same institutions would likely pour into spot XRP ETFs once they go live.

In response, Weisberger said the market would soon reveal the truth. According to him, if XRP climbs above $10 within days of the ETF launch, he would gladly admit that his doubts were wrong. 

The beauty of markets is we shall see soon. If XRP is over $10 a few days after the ETFs start, I will happily admit I was wrong…

But, when it doesn’t, I have little hope the XRP to $1000 crowd will stop bull posting…

— Dave W (@daveweisberger1) November 10, 2025

Despite this, he said he doesn’t expect that outcome and doubts that the most bullish XRP supporters, such as those predicting prices as high as $1,000, will stop making bold claims even if the price stays lower.

Comparison to Ethereum’s Performance

Another investor compared XRP’s hype to Ethereum’s ETF rollout, which many investors heavily promoted before launch but later had an underwhelming impact on price. He suggested XRP might see a similar result.

For context, when Ethereum ETFs debuted on July 23, 2024, ETH traded for $3,400. However, it wasn’t until August 2025, on the back of a broader market recovery, that Ethereum reclaimed its all-time high above $4,800. Today, ETH trades for $3,556, only 4% up since ETFs launched despite the products seeing a cumulative netflow of $13.86 billion.

Notably, Weisberger emphasized that he still expects XRP ETFs to attract a fair amount of assets under management (AUM). However, he said the real test will come from how ETF inflows compare with futures positioning by market makers, whether they end up higher, equal, or lower.