How could the XRP price react if the seven spot XRP ETFs command $600 million worth of monthly inflows for up to 12 months?
The first purely spot-based XRP ETF, the Canary Capital XRP ETF (XRPC), has launched, and its debut performance was nothing short of impressive. Specifically, XRPC recorded over $58 million in trading volume and up to $245 million worth of net inflows, just 8% short of BlackRock’s Ethereum ETF day 1 record.
Bullish Prospects of XRP ETFs
This bullish showing has rejuvenated discussions around the potential impact of XRP ETFs on XRP price, should the other products awaiting their launch dates also boast similar performance. For context, there are still six more spot XRP ETFs from issuers such as Grayscale, Bitwise, 21Shares, and Franklin Templeton, looking to launch.
Notably, if each of these six products records just 50% of XRPC’s debut figures, they would collectively bring in $735 million worth of capital into the XRP market on their first trading days. However, this is unlikely to be the outcome, as results for each product would largely vary, based on investor appetite and demand.
Considering the prospect of all seven spot XRP ETFs drawing in massive capital, we recently evaluated how much the price could react if they all record $200 million worth of net inflows each month for up to a year. For perspective, this is only 2.4x the $245 million XRPC observed on its first day alone.
Notably, if the products see $600 million every month for 12 months, this will result in cumulative net inflows of $7.2 billion over a year, lower than the $10 billion Canary Capital CEO Steven McClurg predicted for the products in their first month.
Possible XRP Price
However, it remains unclear how this could impact XRP price due to multiple factors such as market conditions, inflow multipliers, and sell-side pressure. As a result, we considered a modest 100x multiplier, which would lead to an additional market cap of $720 billion for XRP from the $7.2 billion inflow.
With XRP currently boasting a market cap of $137 billion, an additional $720 billion would result in a new market valuation of $857 billion. Considering the 60 billion tokens currently in circulation, a market cap of $857 billion would translate to a price of $14.2 per XRP.
While consistent inflows for a year may seem impractical, Ethereum ETFs recently came close to achieving this feat. For context, from November 2024 to October 2025, Ethereum ETFs saw only one month of net outflows, which came up in March 2025, when the products recorded capital outflows worth $403.37 million.
The other 11 months saw considerably large inflows ranging from $60 million to $5 billion. Within this period, Ethereum ETFs saw a cumulative net inflow of $14.7 billion. However, this did nothing for Ethereum’s price due to other market factors. This confirms that while it could be possible for XRP to record such inflows, the impact on price may be minimal.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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