Expert Predicts XRP ETF Demand as CME Futures Become Fastest to Hit $1B OI

The XRP ETF debate has gained significant traction following the official closure of the Ripple vs SEC lawsuit. Nate Geraci, the President of NovaDius Wealth Management and host at ETF Prime Podcast, believes there will be organic demand for spot XRP ETFs.

Expert Predicts Demand For The XRP ETFs

In an X post, Geraci opined that people are underestimating demand for the spot XRP ETFs, indicating that they could record significant demand upon a potential launch. This came as he alluded to the CME Group’s statement that the XRP futures contracts have crossed over $1 billion in open interest, the fastest ever to do so, and in just over three months.

Furthermore, the market expert noted that there is already over $800 million in futures-based XRP ETFs. As such, he expects the demand for these futures products to translate into massive demand for the spot products if they eventually receive approval from the SEC.

Bitwise, Canary Capital, WisdomTree, 21Shares, CoinShares, Franklin Templeton, and Grayscale have all filed with the U.S. SEC to offer spot XRP ETFs. As CoinGape reported, the regulatory agency opted to extend the review period for the WisdomTree XRP ETF until October 24, 2025.

The SEC had already extended the review period for other funds, except for Franklin Templeton’s, whose deadline doesn’t come up until next month. The final deadline for these funds is in October, when the Commission must approve or disapprove the proposed rule change. 

Experts Betting On SEC’s Approval Of These Funds

Notably, experts are betting on an imminent approval of spot XRP ETFs based on the agency’s record. Last year, the U.S. SEC was compelled by the court to approve several spot Ethereum ETFs because it had previously approved similar futures products.

Additionally, the SEC’s pro-crypto stance under the current administration has investors hoping for imminent approval of spot XRP ETFs. Last week, several fund managers filed amended S-1 applications with the SEC for their respective spot XRP ETFs. 

Geraci described that move as a very good sign. Bloomberg analyst James Seyffart also opined that it was a positive sign, as it shows that the issuers have received feedback from the SEC.

XRP Army To Pull Their Weight

Meanwhile, like Geraci, pro-crypto lawyer John Deaton predicts that the XRP ETFs will record massive demand. He stated that he made this prediction just like he predicted that Gemini’s XRP card would be the crypto exchange’s most popular credit card.

Essentially, Deaton is confident that the XRP Army has the influence to drive massive inflows into the ETFs. Interestingly, he opined that XRP holders helped the Gemini App surpass Coinbase in recent downloads.

The legal expert noted that 75,000 XRP holders from 143 countries worldwide joined as amici curiae in the Ripple SEC lawsuit, stating that such a development had never occurred before.